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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- PDPC
- Commission's Decisions
Last revised date:
- A warning was issued to H3 Leasing for disclosing personal data online without the consent of the individual concerned. Click here to find out more. 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
- PDPC
- Commission's Decisions
Last revised date:
- A financial penalty of $10,000 was imposed on North London Collegiate School (Singapore) for failing to put in place reasonable security arrangements to prevent the unauthorised access of its student applicants’ personal data residing in a website directory folder. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case No. DP-2107-B8562 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And North London Collegiate School (Singapore
- MAS
- FAQs
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- Provides guidance on MAS’ powers to exempt any person, capital markets product, matter or transaction from having to comply with any provision under the SFA, and the approach taken by MAS in granting the exemptions. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) (SFA) EXEMPTIONS ISSUED PURSUANT TO SECTION 337 OF THE SFA FREQUENTLY ASKED QUESTIONS Disclaimer: These FAQs are meant to provide guidance to the industry on MAS policy and administration of
- MAS
- Media Releases
Last revised date:
- Singapore, 27 April 2021… The Monetary Authority of Singapore (MAS) announced today a new partnership between MAS and the private sector to strengthen Singapore’s value proposition as a leading full-service asset management and fund domiciliation hub. 2. The Singapore Funds Industry Group (SFIG) will bring together all the key players across the entire asset management value chain, including not just fund managers but also service providers, such as lawyers, tax advisors, fund administrators
- MAS
- Monetary Policy Statements
Last revised date:
- 28 January 2015 INTRODUCTION 1. Since the last Monetary Policy Statement in October, developments in the global and domestic inflation environment have led to a significant shift in Singapore’s CPI inflation outlook for 2015. As part of its ongoing economic surveillance, MAS has assessed that it is appropriate to adjust the prevailing monetary policy stance. 2. In October 2014, MAS maintained a modest and gradual appreciation path of the S$NEER (Singapore dollar nominal effective exchange
- MAS
- Monetary Policy Statements
Last revised date:
- 11 July 2002 INTRODUCTION 1 At the beginning of 2002, MAS announced that it would maintain a zero per cent appreciation path for the exchange rate policy band, centred on the level of the trade-weighted Singapore dollar nominal effective exchange rate (S$NEER) prevailing at that time. Furthermore, as the economic uncertainty arising from the September 11 incident had diminished and financial markets had stabilised, the exchange rate policy band was narrowed. 2 Since then, the S$NEER has largely
- MAS
- Monetary Policy Statements
Last revised date:
- 14 April 2021 INTRODUCTION 1. In its October 2020 Monetary Policy Statement, MAS kept the rate of appreciation of the S$NEER policy band at zero percent per annum, with no change to the width of the policy band or the level at which it was centred. This policy stance was assessed to be appropriate in view of the weak outlook for core inflation. While core inflation was expected to rise and gradually turn positive this year, it would stay well below its long-term average. Chart 1 S$ Nominal Effective
- MAS
- Speeches
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- Mr Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore Dr Li Xuchun, Head of AI Development Office, MAS Distinguished guests Ladies and gentlemen 1. Recently, AI has captured the public’s imagination. We would all be familiar by now with ChatGPT. Developed by OpenAI, it has demonstrated AI’s ability to seemingly engage in human-like conversations and quickly generate written content. Tech giants like Microsoft and Google have jumped on the AI bandwagon, introducing AI-powered
- MAS
- Media Releases
Last revised date:
- Singapore, 20 April 2023… Mr Lawrence Wong, Deputy Prime Minister and Minister for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, today announced the launch of MAS’ Finance for Net Zero (FiNZ) Action Plan at the opening of the Sustainable and Green Finance Institute of the National University of Singapore. 2. The FiNZ Action Plan sets out MAS’ strategies to mobilise financing to catalyse Asia’s net zero transition and decarbonisation activities in Singapore and the region. It
- MAS
- Media Releases
Last revised date:
- Singapore, 1 June 2023… The Monetary Authority of Singapore (MAS) and Elevandi today announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’ . SFF 2023 will focus on the growth and adoption of AI and how this technology can potentially be used in financial services. Organised by MAS and Elevandi A not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore