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
- Speeches
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- Sharing Some Perspectives on The Good, the Bad and the Ugly Let me first bid you a warm welcome to Singapore. I was recently invited by the World Bank to be a member of the Growth Commission chaired by Professor Michael Spence. So today's topic "Sharing Some Perspectives on Growth" fits me like a glove. In offering my perspectives, I shall draw heavily on the experience of Singapore. 2 Forty years ago, soon after I started work in the Economic Planning Unit of the Finance Ministry, I was sent
- MAS
- Media Releases
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- Singapore, 4 February 2022… The Monetary Authority of Singapore (MAS) announced today the release of five white papers detailing assessment methodologies for the Fairness, Ethics, Accountability and Transparency (FEAT) principles, to guide the responsible use of AI by financial institutions (FIs). The white papers were published by the Veritas Consortium, comprising 27 industry players. The Consortium also released an open-source toolkit Veritas Toolkit version one is available at https://github.com
- MAS
- Consultations
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- A consultation paper on proposed amendments to the Payment Services Act 2019 in relation to AML/CFT, and other amendments in respect of digital payment token service and certain technical amendments. Response VIEW DOCUMENT Response to Feedback Received on Proposed Amendments to the Payment Services Act (314.7 KB) Annexes to the Response to Feedback Received on Proposed Amendments to the Payment Services Act (457.9 KB) Consultation Paper VIEW DOCUMENT Consultation on the Payment Services Act 2019:
- MAS
- Guidelines
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- Guidelines for digital payment token service providers on Notice PSN02 for the prevention of money laundering and countering the financing of terrorism. These guidelines provide guidance to all digital payment token service providers on the requirements in Notice PSN02 on Prevention of Money Laundering and Countering the Financing of Terrorism - Digital Payment Token Service. They should be read in conjunction with the Notice. 1 Monetary Authority of Singapore GUIDELINES TO MAS NOTICE PS-N02
- MAS
- Recent Economic Developments
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- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. Global growth picked up in Q3 2016 even as the near-term outlook remains subduedorh 17 September 2014 RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 8 March 2017 Q4 Full Year Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Labour Market and Prices
- PDPC
- Public Consultations
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- May 2014 Closing Note for the Public Consultation on the Proposed Regulations September 2013 Closing Note for the Public Consultation on the Proposed Advisory Guidelines For more information on the final Advisory Guidelines issued, please click here. April 2013 The Public Consultation on the positions proposed for the Regulations and Advisory Guidelines to be made under the Personal Data Protection Act 2012 (PDPA) has closed on 1 April 2013. Responses received at closing date on 1 April 2013 February
- MAS
- Annual Reports
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- A sound and comprehensive framework for the regulation of the trust services industry can also facilitate the establishment of Singapore as a preferred location for trust business.
- This move is aimed at establishing a sound framework for the regulation of the trust services industry and at attracting top professionals and their clients to do more trust business in Singapore.
- MAS
- Media Releases
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- Singapore, 2 July 2020…The Monetary Authority of Singapore (MAS), Enterprise Singapore (ESG), Accounting and Corporate Regulatory Authority (ACRA) and the Association of Banks in Singapore (ABS) affirm the industry efforts to enhance commodity financing standards in Singapore. Banks are taking a collaborative approach to develop a set of best practices for the commodities industry and will be consulting the trading companies. This will strengthen Singapore’s resilience, relevance and competitiveness
- PDPC
- Public Consultations
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- The Personal Data Protection Commission 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117348 Dear Sir/Madam, 11 June 2018 corporate@pdpc.gov.sg PDPC’s Public Consultation on Managing Unsolicited Commercial Messages and the Provision of Guidance to Support Innovation in the Digital Economy The Data-Driven Marketing Association of Singapore (DMAS) thanks the Personal Data Protection Commission for the opportunity to provide comments in its public consultation
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposed Regulatory Framework Governing Special Purpose Reinsurance Vehicles (28.6 KB) Consultation Paper VIEW DOCUMENT Proposed Regulatory Framework Governing Special Purpose Reinsurance Vehicles (249.9 KB) RESPONSE TO FEEDBACK RECEIVED - CONSULTATION PAPER ON THE PROPOSED REGULATORY FRAMEWORK GOVERNING SPECIAL PURPOSE REINSURANCE VEHICLES INTRODUCTION 1.1 On 26 May 2008, MAS issued a consultation paper (the CP) inviting