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
- Notices
Last revised date:
- Notice issued under the Credit Bureau Act 2016 that sets out the requirements on technology risk management. This notice sets out requirements for a high level reliability, availability and recoverability of critical IT systems and for licensed credit bureaus to implement IT controls to protect customer information from unauthorised access or disclosure. Amendment Notes There are no amendment notes for this notice. MAS Notice No.: CBN02 Issue Date: 28 May 2021 NOTICE TO LICENSED CREDIT BUREAUS
- MAS
- Exemptions
Last revised date:
- View exemptions issued under section 337(2) of the Securities and Futures Act for the period from 1 January 2014 to 31 March 2014. 1 2 Exemption for the sponsor of two exchange traded funds (ETFs) Exemption for an Approved Holding Company (AHC) Issue Date: 22 July 2014, Revised 24 October 2014 EXEMPTIONS ISSUED PURSUANT TO SECTION 337(2) OF THE SECURITIES AND FUTURES ACT (CAP. 289) (SFA) For the period from 1 January 2014 to 31 March 2014 S/N Exemption granted
- MAS
- Circulars
Last revised date:
- Informs all licensed insurers of the issuance of the Insurance (Valuation and Capital) (Amendment) Regulations 2020 and new MAS Notice 133 on Valuation and Capital Framework for Insurers Circular No. ID 07/20 28 February 2020 Chief Executives All Licensed Insurers except for Captive Insurers, Marine Mutual Insurers and SPRVs Dear Sir/Madam ISSUANCE OF INSURANCE (VALUATION AND CAPITAL) (AMENDMENT) REGULATIONS 2020 AND NEW MAS NOTICE ON VALUATION AND CAPITAL FRAMEWORK FOR INSURERS
- MAS
- Monetary Policy Statements
Last revised date:
- 11 April 2006 INTRODUCTION 1 In October last year, MAS maintained the policy of a modest and gradual appreciation of the S$NEER policy band. This policy stance, which has been in place since April 2004, was assessed to be appropriate for containing any rise in inflationary pressures amidst higher global inflation and domestic costs. Chart 1 Nominal Effective Exchange Rate (S$NEER) 2 Over the past six months, the S$NEER appreciated from the lower half to the upper half of the policy band. (Chart
- MAS
- Monetary Policy Statements
Last revised date:
- 11 October 2004 INTRODUCTION 1 In April this year, MAS shifted from a zero percent appreciation path to a policy of modest and gradual appreciation of the S$NEER, against a more favourable growth outlook for the Singapore economy and the risk of rising inflationary pressures. The width of the policy band was kept unchanged. In the event, the economy grew strongly by 11.9% in Q2 2004 on a quarter-on-quarter seasonally adjusted annualised basis, while CPI inflation increased to 1.9% from 1.4% in
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 3128 NOTICE PAPER 1835 OF 2019 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 November 2019 Name and Constituency of Member of Parliament Mr Cedric Foo Chee Keng, MP, Pioneer SMC Question: To ask the Prime Minister whether he can provide an update on the efforts in strengthening a Singaporean talent pool in the local finance industry. Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS: 1 Building a strong pipeline of local talent is a key priority
- MAS
- Parliamentary Replies
Last revised date:
- QUESTION NO 1196 NOTICE PAPER 742 OF 2021 FOR WRITTEN ANSWER Date: For Parliament Sitting on 4 October 2021 Name and Constituency of Member of Parliament Mr Ang Wei Neng, MP, West Coast GRC Question: To ask the Prime Minister (a) in the last three years, what are the respective volume and value of cashless payments of (i) credit card (ii) NETS (iii) e-wallets (iv) PayNow and (v) any other cashless payments; (b) what is the progress on the roll out of the Singapore Quick Response Code (SGQR); and
- MAS
- Speeches
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- 1. Mr Speaker, Sir, on behalf of the Prime Minister, I beg to move, “That the Bill be now read a second time”. Background 2. In 1999, the Exchanges (Demutualisation and Merger) Act (EDMA) was passed to facilitate the transfer of ownership of the Stock Exchange of Singapore (SES), the Singapore International Monetary Exchange (SIMEX) and the Securities Clearing and Computer Services, to an integrated exchange, Singapore Exchange Ltd (SGX). The exchanges were demutualised and merged into a single non-member
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 30 November 2017… The Monetary Authority of Singapore (MAS) has taken civil penalty action against Mr Tarek Abdel Tawab Mohamed Abdel Bary (Tarek Bary) for insider trading in the shares of CSE Global Limited (CSE Global). 2 Tarek Bary has admitted to contravening section 218(2)(a) of the SFA, and will pay MAS a civil penalty of S$423,000.00. In addition, Tarek Bary will pay MAS S$61,457.90 for the legal costs and disbursements incurred for the civil penalty action. Tarek Bary has also
- MAS
- Enforcement Actions
Last revised date:
- Singapore, 4 June 2019… The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $336,000 on Mr Tham Wai Mun Raphael for insider trading. He had sold shares in Auhua Clean Energy PLC (ACE), a company listed on the Alternative Investment Market of the London Stock Exchange, while in possession of non-public and price-sensitive information concerning the company. 2 Mr Tham, who was the Non-Executive Vice Chairman of ACE, has admitted to contravening the insider trading prohibition