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
- Media Releases
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- Singapore, 30 Apr 2004...The Monetary Authority of Singapore (MAS) today announced that it will introduce $10 polymer portrait notes into circulation on 4 May 2004. To preserve public familiarity and minimise modifications to note handling machines, the design of the new polymer notes is similar to the current $10 paper portrait notes except for a few changes to incorporate security features unique to polymer technology. MAS will continue to issue the current $10 paper notes as part of a phased
- MAS
- Speeches
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- Second Reading Speech by Mr Lim Kng Kiang, Minister, Prime Minister's Office & Second Minister for Finance and Deputy Chairman, Monetary Authority of Singapore Mr Speaker Sir, I beg to move, "That the Bill be now read a second time". 2 Sir, the Financial Advisers Act ("FAA") was passed concurrently with the Securities and Futures Act ("SFA") in October 2001 as part of a major revamp of Singapore's capital markets regulatory framework. The FAA consolidates in a single piece of legislation the
- MAS
- Enforcement Actions
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- 1 On 3 July 2018, MAS reprimanded: (i) Taiyo Asset Management Pte Ltd (TAMPL) for being repeatedly late in its submissions of: (a) annual declaration and auditor reports, which were late by up to two years, for the financial years ending 2014, 2015 and 2016; (b) changes in the appointment and cessation of its director and four of its representatives, which were late by up to more than three years; and (ii) its director Tey Eng Chee Thomas for failing to discharge his duty as a director to
- MAS
- Media Releases
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- Singapore, 7 May 2018…The Monetary Authority of Singapore (MAS) is collaborating with the Economic Development Board (EDB), Infocomm Media Development Authority (IMDA) and Institute of Banking and Finance (IBF) to accelerate the adoption of Artificial Intelligence (AI) in Singapore’s financial sector. The collaboration aims to foster a thriving AI ecosystem comprising financial institutions (FIs), research institutions, and AI solution providers. 2 The four agencies will jointly facilitate research
- MAS
- Media Releases
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- Singapore, 12 November 2019… The Banque de France (BDF) and the Monetary Authority of Singapore (MAS) jointly announced today that they will deepen financial linkages and foster closer cooperation in key areas. Banque de France opens second overseas office in Singapore 2 BDF will open an Asian office in Singapore in early 2020. It will be BDF’s second office abroad after New York, opened in 2010. BDF is expanding its presence in Asia in response to the growing importance of the region in the global
- MAS
- Media Releases
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- Singapore, 1 November2017… The Monetary Authority of Singapore (MAS) has successfully obtained higher civil penalties against Mr Wang Boon Heng (Wang) and Ms Foo Jee Chin (Foo) for contravening section 201(b) of the Securities and Futures Act (SFA), which prohibits any conduct that operates as a fraud or deception in connection with the subscription, purchase or sale of securities. 2 At the material times, Wang, then an undischarged bankrupt, had conducted share trading for his own benefit, in
- MAS
- Media Releases
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- Singapore, 22 October 2018… The Monetary Authority of Singapore (MAS) announced today that 380 participating investors who enrolled for the Singapore FinTech Festival’s deal-making platform, MATCH, have indicated intentions to invest up to a total of US$6.2 billion in ASEAN enterprises next year, and an additional US$6 billion earmarked over the subsequent two years. 2 A new component in this year’s Festival, MATCH (Meet ASEAN’s Talents and Champions) is a platform that curates and matches promising
- MAS
- Speeches
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- 1 Mr Speaker Sir, I beg to move, "That the Bill be now read a second time". 2 The House has just debated the Securities and Futures (Amendment) Bill 2012. The changes we have adopted are complemented by the proposed amendments in the Financial Advisers (Amendment) Bill 2012. Enhancing MAS’ supervision and enforcement powers 3 First, the Bill introduces amendments which mirror those in the Securities and Futures (Amendment) Bill 2012 relating to: (i) the enhancement of MAS’ powers to investigate
- MAS
- Media Releases
Last revised date:
- Singapore, 31 October 2013… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Ang Choon Cheng for contravening section 197(1)(b) of the Securities and Futures Act (SFA) by carrying out purchases which were intended to create, and which created, a false or misleading appearance with respect to the price of securities, as well as section 201(b) of the SFA, which prohibits the employment of manipulative and deceptive devices in connection with the subscription, purchase
- MAS
- Media Releases
Last revised date:
- Singapore, 10 September 2012, The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Shi Jiangtao for contravening the insider trading provision under Section 218(2)(a) of the Securities and Futures Act (SFA). 2 On 4 April 2011, Minmetals Resources Limited (Minmetals) announced its intention to make an all-cash takeover offer to acquire all the outstanding common shares in Equinox Minerals Limited (Equinox) at C$7.00 per share. The offer price was at a