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
    • Public Consultations

    Last revised date:

    • CP Title: CP Description: PDPC - Proposed Data Portability and Data Innovation Provisions The Personal Data Protection Commission (PDPC) launched a public consultation to seek views on proposals to introduce data portability and data innovation provisions in the Personal Data Protection Act (PDPA) as part of its ongoing review. These proposals will provide a balanced regulatory approach to support innovation in a Digital Economy, while giving consumers choice and control over their data. The paper
    • MAS
    • Financial Sector Development Fund Annual Report

    Last revised date:

    • FINANCIAL SECTOR DEVELOPMENT FUND STATEMENT OF COMPREHENSIVE INCOME For the year ended 31 March Note 2012 $'000 2011 $'000 Interest Income Dividend Income Gain from Financial Instruments at Fair Value through Profit or Loss Foreign Exchange Loss Other Income Total Income Less: Investment Expenses Grants Total Expenditure 25,146 69,186 28,303 27,238 70,297 48,971
    • MAS
    • Directives

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    • Sets out requirements for exempt merchant banks dealing in Singapore Government Securities. Directive 32 18 Dec 1987 Directives to Merchant Banks Exempt Merchant Bank Government Securities Dealer 32(1) In this directive:- "An Exempt Merchant Bank Government Securities dealer" means a merchant bank which carries on or includes as part of its business dealing in Government Securities solely for its own account with an exempt financial institution but not otherwise and is neither
    • MAS
    • Speeches

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    •  "Review of Achievements and Future Challenges" Introduction Thank you very much, Raymond Kwok, President of LIA. Good afternoon, ladies and gentlemen. It's a great pleasure to be with you this afternoon. I?m glad to have the opportunity to address you today. I want to cover some of the same ground that Raymond has covered in his address, although from a somewhat different perspective. I would like to talk about what has happened within the life industry in Singapore over the last year, and then
    • MAS
    • Speeches

    Last revised date:

    • Confidence in and resilience of the life insurance industry Dr Khoo Kah Siang, President of the Life Insurance Association, Distinguished guests, Ladies and Gentlemen. 1   Thank you for inviting my colleagues and I to the Association’s 13th Annual Luncheon. 2   Modern life insurance is said to have its beginnings in London more than 300 years ago by a company called Amicable Society for a Perpetual Assurance, with the aim of allowing an amicable distribution of contributions to be made by deceased
    • MAS
    • Speeches

    Last revised date:

    •  1   Good morning ladies and gentlemen. To all our foreign guests, a very warm welcome to Singapore. I trust that you found yesterday's discussions both intriguing and fruitful. This morning, I've been asked to talk about general trends in the evolution of corporate treasuries and in particular, how these have affected where they choose to locate their regional treasury centres and what they choose to do in these treasury centres. As many of you are aware, over 3600 companies have chosen Singapore
    • MAS
    • Parliamentary Replies

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    • Question No 224 Notice Paper No 221 of 2012 For Written Answer Date: For Parliament Sitting on 9 July 2012 Name and Constituency of Member of Parliament Ms Low Yen Ling, MP for Chua Chu Kang GRC Question: To ask the Prime Minister (a) what is the level of exposure that Singapore has to European Union banks; (b) whether Singapore is prepared for banks deleveraging arising from the euro zone crisis; (c) what will the implications of deleveraging be on (i) our banks (ii) the availability of trade credit
    • PDPC
    • Help & Resources

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    • Businesses and organisations across the world are starting to deploy Distributed Ledger Technologies (DLTs) such as blockchains, in wide-ranging applications for finance and supply chain management. Some of these applications may start storing personal data in these blockchain networks. This guide intends to help organisations with blockchain adoption by clarifying how to comply with the PDPA when deploying blockchain applications to ensure more accountable management of customers’ personal data.
    • MAS
    • Speeches

    Last revised date:

    •  "Embracing Changes, Ready for the Furture" Introduction 1   Good morning ladies and gentlemen.  It is a pleasure to join you here today. 2   The marketplace for financial advisory services has been changing, with an increasing variety in the types and complexity of products that are being offered to consumers.  The industry and MAS, as the regulator, must embrace change to be ready for the future. 3   MAS recently spelt out its regulatory philosophy in a monograph "Objectives and Principles of
    • MAS
    • Notices

    Last revised date:

    • Requirements for specified capital markets services licensees (“CMSLs”) and specified exempt CMSLs on anti-money laundering and countering the financing of terrorism (“AML/CFT”) in relation to their cross-border arrangements with Foreign Related Corporations (“FRCs”) under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Related Corporations) Regulations 2021. This notice applies to - Capital markets services licensees (excluding venture capital fund managers); - Exempt