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
Last revised date:
- PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED REGULATIONS ON PERSONAL DATA PROTECTION IN SINGAPORE 5 FEBRUARY 2013 -------- PROPOSED POSITIONS FOR REGULATIONS UNDER THE PDPA Part I: INTRODUCTION AND OVERVIEW ................................................................ 3 1 2 Introduction ........................................................................................... 3 Overview of the PDPA ...................................
- MAS
- Parliamentary Replies
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- For the Parliament Sitting on 26 February 2021 U – Prime Minister’s Office That the total sum to be allocated for U – Prime Minister’s Office of the Estimates be reduced by $100. Name and Constituency of MP Ms Jessica Tan Soon Neo, East Coast GRC Question 1. Covid-19 has provided the impetus for many Singaporeans and businesses to adopt and use e-payments. Can MAS give an update on whether Singapore residents have been more receptive to e-payments in the past year. What steps has MAS taken to ensure
- MAS
- Speeches
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- Ladies and gentlemen, good morning. Welcome to MAS’ annual report media conference. GLOBAL ECONOMY The global economy is in better shape than it has been in a long while. Economic growth is on a positive momentum. IMF has projected global GDP growth for 2017 to hit 3.5%, a marked improvement from the 3.1% last year. Growth is more broad-based, across both advanced and emerging economies. Growth in the major markets — the US, Eurozone, Japan and China — is experiencing a synchronised upturn. For the
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback on Draft PSOA Regulations and SVF Guidelines (18.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Stored Value Facility Guidelines (71.1 KB) the comments RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON THE DRAFT REGULATIONS PURSUANT TO PAYMENT SYSTEMS (OVERSIGHT) ACT 2006 AND DRAFT STORED VALUE FACILITY GUIDELINES MAS published two consultation papers on 8 March 2006 to seek comments on the draft
- MAS
- Acts
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- In order to protect FIs and the wider financial industry, MAS needs to be able to keep out persons who have demonstrated by their misconduct that they have the potential to cause harm. 3 Banking Act, Business Trusts Act, Finance Companies
- trust licensed trust company designated financial holding company credit card or charge card issuer operator of a designated payment system provider of digital token service licensed under the FSMA any other person licensed, approved, authorised, designated, recognised, registered or otherwise regulated
- trade repository, licensed foreign trade repository, approved clearing house, recognised clearing house, authorised benchmark administrator, authorised benchmark submitter, designated benchmark submitter and capital markets services licensee trustee for collective investment scheme trustee-manager of a business
- MAS
- Guidelines
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- Guidelines for payment service providers (other than a digital payment token service provider) on Notice PSN01 for the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to payment service providers on the requirements in Notice PSN01 on Prevention of Money Laundering and Countering the Financing of Terrorism - Specified Payment Services. They should be read in conjunction with the Notice. 1 Monetary Authority of Singapore GUIDELINES
- MAS
- Media Releases
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- Singapore, 5 April 2011… The Monetary Authority of Singapore welcomes the launch of a Code of Conduct for the private banking industry in Singapore (PB Code) by the Private Banking Advisory Group (PBAG) today. 2 The PB Code is the result of an industry-led effort to enhance the competency of private banking professionals and foster high market conduct standards. It is applicable to financial institutions and their staff engaged in private banking activities in Singapore. The PB Code has been
- MAS
- Speeches
Last revised date:
- Mr Mike Denoma, Mr Vis Shankar, Mr Peter Flavel, Distinguished Guests, Ladies and Gentlemen, I am delighted to join you here to celebrate the inauguration of the Standard Chartered Private Bank. Standard Chartered’s presence in Singapore 2 Standard Chartered has a strong footprint in Asia and globally with an established franchise in 56 countries around the world. It now derives 90% of its profits from Asia, Africa and the Middle East, some of the fastest growing markets in the world. 3 With
- MAS
- Speeches
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- Speech by Ms Yeo Lian Sim, Deputy Managing Director, Monetary Authority of Singapore, at the 9th Singapore Conference on International Business Law Date: 30 Aug 2001 Good afternoon. Thank you for inviting me to speak at your conference. In addressing my subject, 'Regulating a Progressive Capital Market', I will focus on the principles that underpin Singapore's regulations and share some thoughts on how changing capital markets are affecting market regulation. The changing environment 2 The
- MAS
- Speeches
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- Building One Financial World Keynote Address by DPM Lee Hsien Loong at ACI World Congress on 25 May 2001, Raffles City Convention Centre, Singapore Date: 25 May 2001 MANAGING FINANCIAL INTEGRATION: ASIA'S EXPERIENCE 1 The last 25 years has seen the emergence of an increasingly borderless, integrated financial world. The collapse of the Bretton Woods system set in train the deregulation of domestic financial markets and the removal of barriers to cross-border finance. Overall, the outcome has been