Definition of “business trust”
Universal
A business trust is a business enterprise structured as a trust. A business trust (“BT”) is a business enterprise structured as a trust....
Showing 3926 Documents for "business trust"
Filter by
Sort by
- MAS
- Exemptions
Last revised date:
- To notify MAS of the commencement of trust business 14 Exempt trust companies; Exempt persons providing trust services Within 1 month from the date of commencement of trust business Email Section 15 of the TCA, and Regulations 4(1)(b)(iv) and 5(3) of the TER 15 To notify MAS
- Applicable to: 1 I.e persons exempted from the requirement to hold a trust business licence under section 15(1) of the TCA.
- This would include, but are not limited to, a bare trustee, a person acting as a trustee or an administrator of a business trust, and the trustee-manager of a registered business trust. 2 -------- Method of Submission: Version Control: Please refer to the relevant application, notification
- MAS
- Exemptions
Last revised date:
- of Persons Exempted from Holding a Trust Business Licence under Section 15(1)( a), 15(1)(b), or Regulation 4(1)(b)(iv) Form 10 - Notice of Cessation of Trust Business of Persons Exempted from Holding a Trust Business Licence Exempt trust companies; Exempt persons providing trust
- Exempt trust companies; Exempt persons providing trust services Email NA Form 8 - Notice of Commencement of Trust Business of Persons Exempted from Holding a Trust Business Licence under Section 15(1)(a), 15(1)(b), or Regulation 4(1)(b)(iv) Form 9 - Notice of Change of Particulars
- Applicable to: 1 I.e persons exempted from the requirement to hold a trust business licence under section 15(1) of the TCA.
- MAS
- Speeches
Last revised date:
- Trusts Act, which Parliament enacted in October 2004, introduced a specific governance framework for business trusts.
- SCOPE OF TRUST COMPANIES BILL, TRUSTEES ACT AND BUSINESS TRUSTS ACT 10 It may be useful to explain how the Trust Companies Bill relates to the Trustees Act and Business Trusts Act. 11 The Trustees Act is the centerpiece of trust law in Singapore.
- Business trusts have the distinguishing feature of being engaged in the management of an operating business, for example infrastructure services.
- MAS
- Guidelines
Last revised date:
- Guidance on the term "true and fair view" in section 76 of the Business Trusts Act. These guidelines apply to to trustee-managers of registered business trusts.
- Monetary Authority of Singapore BUSINESS TRUSTS ACT (CAP. 31A) GUIDELINES ON ACCOUNTS OF REGISTERED BUSINESS TRUSTS -------- Guidelines on Accounts of Registered Business Trusts : : BTA 10-G01 29 December 2017 Guideline No Issue Date GUIDELINES ON ACCOUNTS OF REGISTERED BUSINESS
- as shown in the accounting and other records of the registered business trust; under section 76(5)(a) of the BTA, the balance sheet of the registered business trust gives a true and fair view of the state of affairs of the registered business trust as at the end of the period to which the balance
- MAS
- Speeches
Last revised date:
- The Business Trusts Act 2004 (or “BTA”) provides a framework for the governance of registered business trusts, which are enterprises that combine the characteristics of both a company and a trust.
- These requirements do not refer to the financial year end of the registered business trust. The Bill will align these timelines with the business trust’s financial year end. 17.
- Currently, directors of trustee-managers of registered business trusts are required to disclose conflicts of interest in transactions, as well as their interests in the registered business trusts.
- MAS
- Guidelines
Last revised date:
- A licensed trust company should conduct its trust business with honesty, fairness, integrity and professionalism in order to maintain good faith and confidence in the trust business industry.
- A licensed trust compa ny should provide trust business services only in those areas in which it has the necessary competence and skills.
- A licensed trust company should have in place adequate procedures and processes for handling complaints relating to its trust business. 19.
- MAS
- Guidelines
Last revised date:
- Guidelines for aggregating offers for a business trust to determine if they meet the limits under the exemptions for small offers or private placements. These guidelines apply to business trusts.
- Market-making for units or derivatives of units in a business trust acquired pursuant to the small offers exemption.
- Business Trust A (Trust A) 2. Section 282V(8)(c) 4. Section 282V(8)(c) 3. Section 282V(8)(c) Market- Maker M 1. Section 282V(1) 4. Section 282V(8)(c) 1. Business Trust A Person X Person Y Person Z and Y in reliance on section 282V(8)(c).
- MAS
- Speeches
Last revised date:
- Only persons that carry on trust business will be regulated. 11 Trust business is defined broadly under the Act, to include trusteeship, administration of trusts, arranging for others to act as trustees and creation of trusts. We will release guidelines to give detail to these concepts.
- The definition is broad as we consider that high standards of probity, professionalism and good business conduct should be followed in all aspects of trust business.
- Anyone seeking a trust business licence must establish a true presence in Singapore, with mind, management and administration, including record-keeping, located here.
- MAS
- Consultations
Last revised date:
- business trust).
- trust registered under the Business Trusts Act (Registered BT) which is administered by MAS.
- or business trust.
- MAS
- Speeches
Last revised date:
- The Business Trusts Act 2004 (“BTA”) provides a framework for the governance of BTs registered under the BTA. 3 A key advantage of a BT structure is the ability of a trust to pay dividends to unitholders out of its cash profits.
- BACKGROUND 2 The business trust (“BT”) regime was developed in 2004 to establish a new type of business structure for business enterprises. It was envisaged that BTs would be a new asset class for investors and would add depth and vibrancy to Singapore’s capital markets.
- 1 Minister of State , Ministry of Culture, Community and Youth and Ministry of Trade and Industry, Mr Alvin Tan, on behalf of Senior Minister and Minister-in-charge of the Monetary Authority of Singapore (“MAS”), Mr Tharman Shanmugaratnam, today moved the Business Trusts (Amendment) Bill 2022 (“BT(A