Definition of “business trust”
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A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
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- MAS
- Enforcement Actions
Last revised date:
- Singapore, 14 October 2015 The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act (SFA). 2 Mr Rajiv was a Managing Director at UBS AG, Indonesian Branch, and was the Head of its Investment Banking operations when the contravention occurred. On 30 March 2012, Mr Rajiv, who resides in Indonesia, bought one million Danamon shares through his
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 805 NOTICE PAPER 494 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 5 July 2021 Name and Constituency of Member of Parliament Ms Mariam Jaafar, MP, Sembawang GRC Question: To ask the Prime Minister what is the impact of the G7 agreement on a global minimum tax rate of 15% on Singapore's status as a financial centre in general and, in particular, on emerging fields such as fintech and green finance. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1396 NOTICE PAPER 549 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 26 July 2021 Name and Constituency of Member of Parliament Mr Chua Kheng Wee Louis, MP, Sengkang GRC Question: To ask the Prime Minister with regard to the Code of Corporate Governance (a) in the past five years, what is the total number and percentage of companies that fail to comply with (i) Provision 8.1(a) and (ii) Provision 8.1(b); and (b) whether MAS has plans to mandate compliance and what are its
- MAS
- Media Releases
Last revised date:
- Singapore, 13 September 2018… The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) today signed an arrangement to foster greater cooperation in FinTech. The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets. This arrangement is the CFTC’s second FinTech cooperation arrangement with a non-US authority and its first with an authority in Asia. The Cooperation Arrangement on Financial
- MAS
- Media Releases
Last revised date:
- Singapore, 13 November 2018… The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) today signed a Memorandum of Understanding (MOU) to foster innovation in financial services between the two countries. 2 The MOU will support the sharing of information on emerging Fintech trends and developments, and facilitate co-operation on innovation projects in Bahrain and Singapore. The MOU also sets out a common framework to help FinTech companies prepare for regulatory requirements
- MAS
- Media Releases
Last revised date:
- Singapore, 16 November 2017… The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today signed a FinTech Co-operation Agreement (CA) to promote innovation in financial services in their respective markets. The BSP-MAS CA was signed at the sidelines of the 2nd Singapore FinTech Festival that is currently being held in Singapore from 13 to 17 November 2017. 2 The CA provides a framework for co-operation and collaboration between the two authorities relating to FinTech
- MAS
- Media Releases
Last revised date:
- Singapore, 15 December 2017…The Monetary Authority of Singapore (MAS) announced today a new measure to help borrowers avoid accumulating excessive unsecured debts. The Credit Limit Management Measure will cap the additional unsecured credit that a financial institution (FI) may extend to a borrower whose outstanding unsecured debts exceed six times his monthly income. This measure will take effect on 1 January 2018 and complements the existing industry-wide borrowing limit. 2 For borrowers with significant
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 842 NOTICE PAPER 399 OF 2012 FOR WRITTEN ANSWER Date: For Parliament Sitting on 15 November 2012 Name and Constituency of Member of Parliament Teo Siong Seng, NMP Question: To ask the Prime Minister whether MAS can explain how a strong Singapore dollar policy manages inflation caused mainly by domestic factors such as rising manpower, transport and rental costs. Answer by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister in charge of MAS : 1 Let me first put Mr Teo’s question
- MAS
- Media Releases
Last revised date:
- Singapore, 14 October 2015… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act (SFA). 2 Mr Rajiv was a Managing Director at UBS AG, Indonesian Branch, and was the Head of its Investment Banking operations when the contravention occurred. On 30 March 2012, Mr Rajiv, who resides in Indonesia, bought one million Danamon shares through his wife’s
- MAS
- Media Releases
Last revised date:
- Singapore, 28 August 2012...The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Teoh Teck Shin for contravening section 197(1)(b) of the Securities and Futures Act (SFA) by intentionally creating a false or misleading appearance with respect to the price of securities. 2 Mr Teoh was a remisier with UOB Kay Hian Pte Ltd when the contravention took place. The trades in question were conducted using his personal trading account. 3 On three trading days