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
    • Media Releases

    Last revised date:

    • Singapore, 17 July 2019… The Monetary Authority of Singapore (MAS) and the Central Bank of Kenya (CBK) have inked a FinTech Cooperation Agreement to support digital infrastructure development in Kenya. The two central banks will collaborate to develop basic digital infrastructure services for Kenya, including identity, data and Know-Your-Customer utility, based on a set of common standards. The cooperation was sealed at the inaugural Afro-Asia FinTech Festival in Nairobi, Kenya, which drew close
    • PDPC
    • Public Consultations

    Last revised date:

    • PUBLIC CONSULTATION FOR APPROACHES TO MANAGING PERSONAL DATA IN THE DIGITAL ECONOMY Organisation: Singapore Health Services Contact Person: Kwek Li Ling | Manager, GCOO’s Office | Singapore Health Services Address: 168 Jalan Bukit Merah, #16-01 Surbana One, Singapore 150168 DID: (65) 6377-7599 Email: kwek.li.ling@singhealth.com.sg 1 -------- Question 1: Should the PDPA provide for Notification of Purpose as a basis for collecting
    • MAS
    • Recent Economic Developments

    Last revised date:

    • This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. pan Recent Economic Developments in Singapore Q1 Q2 1.5 7.8 -1.1 6.0 2.0 4.9 0.9 2.3 0.1 4.1 3.7 2.0 5.3 2.8 2012 Q3 0.0 -4.6 -1.4 -3.2 1.9 4.2 3.1 Q4 1.5 3.3 -0.2 -4.2 1.8 4.0 2.5 11 Jun 2013 2013 Q1 0.2 1.8 -6.7 -12.5 1.9 4.0 4.9 Full Year 1.3 -
    • PDPC

    Last revised date:

    • Responses Received from Individuals Kathy Tan Responses Received from Organisations AIA Singapore Pte Ltd Charles Monat Associates Pte Ltd The Hongkong and Shanghai Banking Corporation (HSBC) Maybank Singapore Limited Mediacorp Pte Ltd OC Queen Street LLC Prudential Assurance Company Singapore (Pte) Limited Standard Chartered Bank (Singapore) Limited SGTech Tanglin Trust School Ltd The Methodist Church in Singapore TikTok Pte Ltd TotallyAwesome Singapore Pte Ltd Trust Bank Singapore Limited SUBMISSION
    • MAS
    • Guidelines

    Last revised date:

    • The Guidelines on Business Continuity Management (BCM) set out the need for financial institutions (FIs) to take an end-to-end service-centric view in ensuring the continuous delivery of critical business services to their customers. The revised Guidelines issued on 6 June 2022 supersedes the previous version that was published in June 2003, as well as the circular titled “Further Guidance on BCM” that was issued in January 2006. FIs should meet the new Guidelines and establish a BCM audit plan within
    • MAS
    • Media Releases

    Last revised date:

    • Singapore, 27 February 2017… The Monetary Authority of Singapore (MAS) announced today that it has formed a Corporate Governance Council (Council) to review the Code of Corporate Governance (CG Code). The Council will be chaired by Mr Chew Choon Seng, former Chairman of the Singapore Exchange (SGX). 2   The CG Code was last reviewed in 2012, when changes were introduced to strengthen Board independence and enhance remuneration practices and disclosures. Corporate governance practices globally have
    • MAS
    • External Publications

    Last revised date:

    • Basel Committee on Banking Supervision (BCBS) guidelines on how to include money laundering and financing of terrorism risks within banks' overall risk management. Basel Committee on Banking Supervision Guidelines Sound management of risks related to money laundering and financing of terrorism This document includes final revisions to Annex II - Correspondent banking and Annex IV -General Guide to Account Opening issued for consultation in November 2016). June 2017 -------- This
    • MAS
    • Speeches

    Last revised date:

    • Pro-chancellors, NTU Professor Bertil Andersson, President, NTU, Mr Lim Chow Kiat and Members of the Board of Governors, WMI, Distinguished Guests, Ladies and Gentlemen, 1. I am very happy to join you this morning. 2. Let me start by congratulating WMI and NTU on the opening of WMI@NTU, which marks the next phase of growth for both institutions. 3. WMI has been playing a key role in developing expertise for the industry since its inception in 2003. a. Talent development is an integral pillar for
    • MAS
    • Speeches

    Last revised date:

    • Distinguished Guests, Ladies and Gentlemen, Introduction 1. I am very happy to join you today at this 20th edition of the Asia Pacific Summit to share some thoughts on the future of globalisation and living with COVID-19. 2. It has been almost two years since COVID-19 emerged, and the virus has had wide-ranging impact all over the world. a. We have seen lockdowns of varying severity imposed worldwide, along with closures of international borders. b. We have also seen major disruptions in the global
    • MAS
    • Consultations

    Last revised date:

    • The definition of excluded warrants in the Notice will cover: existing daily leverage certificates; and (i) (ii) structured warrants based on securities, units in a business trust, units in a collective investment scheme, or indices comprising such securities and/or units, which are listed
    • trust that is listed on a specified exchange; (c) any unit of a collective investment scheme that is listed on a specified exchange; or (d) any index comprising shares or units mentioned in paragraph (a), (b) or (c); futures equivalent basis, in relation to an exchange-traded
    • relevant product; exchange means (a) an approved exchange; or (b) a recognised market operator that is incorporated in Singapore; excluded warrant means a warrant of which the underlying thing is (a) any share of a corporation that is listed on a specified exchange; (b) any unit in a business