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
- Annual Reports
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- It is the first real estate business trust listed on SGX. Real estate business trust, governed by the Business Trust Act, is an alternative structure available for potential sponsors to securitise their assets to access the global funding in Singapores equity market.
- There were a total of 19 REITs and one real estate business trust, with a total market capitalisation of S$26 billion, making Singapore the largest REIT/real estate business trust market in Asia excluding Japan.
- The real estate equityfinancing market continues its strong growth and saw four new REITsand our first real estate business trust listed on SGX.These are good achievements.
- MAS
- Speeches
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- Mr Raymond Ng, Conference Chairman Mr David Choo, AFA President Distinguished guests, ladies and gentlemen A very good morning. Introduction 1 It is a pleasure to speak at AFA’s annual conference once again. 2 The theme for today’s conference is “Excel in a digitised world”. This is very apt given the technological revolution that is happening around us. For the financial services industry, the landscape today looks very different compared to just a few years ago. We see the emergence of fully
- MAS
- Speeches
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- Dr Suthiphon Thaveechaiyagarn, Secretary General of the Office of Insurance Commission Distinguished guests Ladies and gentlemen 1. Good afternoon. I would like to thank the Office of Insurance Commission (OIC) for inviting me to speak at this year’s Insurance Expo. 2. The focus of today’s seminar is a timely one. The impact of technology and digitalisation on the insurance industry is no longer a new phenomenon. There are many exciting healthcare and technological innovations that not only
- MAS
- Speeches
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- Keynote address by Mrs Hauw Soo Hoon, Executive Director (Insurance), Monetary Authority of Singapore at the 24th LUA Congress, 05 Mar 2002 1. Introduction Good morning, ladies and gentlemen. It is a pleasure to join you here today. The "New Chapter" in the theme of this Congress refers to the Financial Advisors Act. The Act itself was passed by Parliament in October 2001 and requires the Regulations to operationalise it. I am pleased to announce that the MAS intends to release the draft Regulations
- MAS
- Guidelines
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- Guidelines for credit card and charge card licensees on Notice 626A for the prevention of money laundering and countering the financing of terrorism. These guidelines apply to all credit card and charge card licensees in Singapore. They provide licensees with guidance on the requirements in Notice 626A on Prevention of Money Laundering and Countering the Financing of Terrorism – Credit Card or Charge Card Licensees . These guidelines should be read in conjunction with the notice. 24 Apr 2015 Previous
- MAS
- Forms and Templates
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- Form for the acceptance of offer of composition under section 111 of the Business Trusts Act (Cap. 31A). ACCEPTANCE OF OFFER OF COMPOSITION MADE BY THE MONETARY AUTHORITY OF SINGAPORE 1. I, __________________________________[Name and NRIC/Passport No.]
- of partnership, or officer or member of governing body of unincorporated association, to state his position], acknowledge that the Monetary Authority of Singapore has by way of a letter dated _________________ made an offer of composition under section 111 of the Business
- Trusts Act (Cap. 31A) (the Act) in respect of an offence [or offences] under the Act or any subsidiary legislation made thereunder, committed by _________________ [myself/my business trading as Business Name/Name of body corporate, partnership or unincorporated association, of which I am a representative
- MAS
- Guidelines
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- Guidelines for the Depository on Notice SFA 03AA-N01 on the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to the Depository on the requirements in MAS Notice SFA03AA-N01 to the Depository on Prevention of Money Laundering and Countering the Financing of Terrorism . They should be read in conjunction with the notice. Monetary Authority of Singapore GUIDELINES TO MAS NOTICE SFA03AA-N01 ON PREVENTION OF MONEY LAUNDERING AND COUNTERING
- MAS
- Guidelines
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- Guidelines for variable capital companies on Notice VCC-N01 for the prevention of money laundering and countering the financing of terrorism Pursuant to the Variable Capital Companies Act (Act 44 of 2018) (“VCC Act”) and Notice VCC-N01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Variable Capital Companies (“Notice VCC-N01”), MAS is introducing Guidelines to Notice VCC-N01 (“the Guidelines”). The Guidelines set out MAS’ supervisory expectations and addresses the relationship
- MAS
- Exemptions
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- In this Schedule, unless the context otherwise requires asset-backed securities has the same meaning as in section 262(3) of the Securities and Futures Act (Cap. 289); business trust has the same meaning as in section 2 of the Business Trusts Act (Cap. 31A); CIS documents
- trust; (e) any derivative of a unit in a business trust; (f) any unit in a collective investment scheme which satisfies all of the following conditions: (i) the collective investment scheme is constituted as a trust; (ii) the collective investment scheme invests
- S 611/2005); (ii) if the product advertisement is an advertisement or a publication mentioned in section 282L(8), 282X(8A) or 282ZB(8) of the Securities and Futures Act, the product advertisement complies with in regulation 14(1) of the Securities and Futures (Business Trusts) (Offers of (G.N. No.
- MAS
- Media Releases
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- trust; (e) any unit in a collective investment scheme, such collective investment scheme being an arrangement: (i) that is a trust; (ii) that invests primarily in real estate and real estate-related assets specified by the Authority in the Code on Collective Investment Schemes; and (iii) all or any
- other than administrative fees) is payable by the unit-holder in the event that he converts the unit of share into the underlying share; (c) any right, option or derivative issued or proposed to be issued by a corporation or body unincorporate in respect of its own stocks or shares; (d) any unit in a business