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
    • Parliamentary Replies

    Last revised date:

    • Question No 189 in Notice Paper No 218 of 2009 For Oral Answer Date: For Parliament Sitting on 11 January 2010 Name and Constituency of Member of Parliament Q189:  Mr Christopher de Souza, MP for Holland-Bukit Timah GRC Question: Mr Christopher de Souza: To ask the Senior Minister in view of the past year's global financial crisis (a) whether the level of Government regulation of our financial market will increase; and (b) whether the Government's regulatory philosophy of the market has shifted due
    • MAS
    • Media Releases

    Last revised date:

    •  Singapore, 8 June 2010… The Monetary Authority of Singapore (MAS) has issued a monograph “Tenets of Effective Regulation” to communicate MAS’ approach to developing effective regulation. 2   Following the global financial crisis of 2008/09, the importance of regulation to a stable financial system has taken on renewed importance.  International regulatory standards are now being reviewed and tightened significantly.  MAS supports and participates in these international reviews 1 .  While new international
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 16 February 2017… The Monetary Authority of Singapore (MAS) has successfully obtained civil penalties of $100,000 each against Chionh Teow Hie John (Chionh) and Kiew Yoon Seng (Kiew) for contraventions under the Securities and Futures Act (SFA). False Trading 2   Between June 2008 and November 2009, Chionh and Kiew engaged in false trading in the shares of Keda Communications Limited (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 13 January 2017…The National University of Singapore (NUS) and the Monetary Authority of Singapore (MAS) have jointly appointed American economist Professor Charles Engel, internationally recognised for his research on exchange rates, as the MAS Term Professor in Economics and Finance from 16 to 20 January 2017. Professor Engel will be hosted by the NUS Faculty of Arts and Social Sciences’ Department of Economics and the Economic Policy Group at the MAS during the term of the Professorship
    • MAS
    • Speeches

    Last revised date:

    • Introduction 1   Mr Lim Peng Hun, (Deputy Principal of Singapore Polytechnic), Dr Alex Lum (Director of the MoneySENSE – Singapore Polytechnic Institute for Financial Literacy), fellow members of Financial Education Steering Committee (FESC), ladies and gentlemen.  It gives me great pleasure to be here at the launch of the Institute for Financial Literacy.  This marks another milestone in our journey towards a financially literate nation. 2   What characterizes a financially literate nation?  The
    • MAS
    • Speeches

    Last revised date:

    • Madam Speaker, I beg to move, “That the Bill be now read a second time”. INTRODUCTION 2     The stability of our financial system lies in sound lending practices, so that financial institutions lend to individuals and corporates who are credit worthy and able to repay their loans over time.  Credit bureaus serve the purpose of providing borrowers’ information to help financial institutions assess the credit worthiness of their potential clients.  Also, the reliability of the banks’ credit rating
    • PDPC
    • Public Consultations

    Last revised date:

    • Feedback to PDPC Industry Engagement on NRIC Guidelines National Trades Union Congress (NTUC) -------- TABLLE OF CONTENTS ORGANISATIONS AND KEY CONTACT PERSON ......................................................................... 3 SUMMARY OF MAJOR POINTS [Redacted] ............................................................................... 4 COMMENTS TO QUESTIONS OUTLINED IN THE PUBLIC CONSULTATION DOCUMENT .......... 20 CONCLUSION ..........................................
    • PDPC
    • Commission's Decisions

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    • PERSONAL DATA PROTECTION COMMISSION Case No DP-1803-B1859 [2019] SGPDPC 9 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And H3 Leasing DECISION … Organisation -------- H3 Leasing [2019] SGPDPC 9 H3 Leasing [2019] SGPDPC 9 Yeong Zee Kin, Deputy Commissioner — Case No DP-1803-B1859 6 June 2019 Background 1. The complaint concerns the disclosure of personal data without consent by H3
    • PDPC
    • Public Consultations

    Last revised date:

    • Public Consultation For (a) Managing Unsolicited Commercial Messages and (b) the Provision of Guidance to Support Innovation in The Digital Economy 1st June 2018 Contact Person: Dr. Rex Yeap -------- Public Consultation For (a) Managing Unsolicited Commercial Messages and (b) the Provision of Guidance to Support Innovation in The Digital Economy This is a response to the ‘Public Consultation for Managing Unsolicited Commercial Messages and the
    • PDPC
    • Commission's Decisions

    Last revised date:

    • A financial penalty of $8,000 was imposed on Hello Travel for failing to put in place reasonable security arrangements to protect the personal data of its members from unauthorised disclosure. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2004-B6189 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Hello Travel Pte. Ltd. SUMMARY OF THE DECISION 1. On 8 April 2020, the Personal Data Protection