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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- 1 The Minister for Education, Mr Ong Ye Kung, on behalf of Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister-in-charge of the Monetary Authority of Singapore (“ MAS ”) today moved the Payment Services Bill (the “ Bill ”) for First Reading in Parliament. BACKGROUND 2 The MAS currently regulates various types of payment services under the Payment Systems (Oversight) Act (Cap. 222A) ( “PS(O) A”) and the Money-Changing and Remittance Businesses Act (Cap. 187) (“ MCRBA ”), enacted
- MAS
- Forms and Templates
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- Form for an approved or designated benchmark administrator or submitter to apply for the appointment of a Chief Executive Officer or a director. SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (FINANCIAL BENCHMARKS) REGULATIONS 2018 REGULATION 15(1) AND 23(1) FORM 3 APPLICATION FOR APPROVAL OF CHIEF EXECUTIVE OFFICER OR DIRECTOR OF AUTHORISED BENCHMARK ADMINISTRATOR, AUTHORISED BENCHMARK SUBMITTER OR DESIGNATED BENCHMARK SUBMITTER Explanatory Notes 1
- MAS
- Enforcement Actions
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- Singapore, 9 May 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against three individuals for dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Jeremy Lee Seow Poh, former representative of Jefferies Singapore Limited (JSL) 4 years Mr Ong Eng Keong, former representative of JSL 2 years Mr Yap Chee Hoe, former representative of Legacy FA Pte. Ltd. (Legacy) 2 years All three prohibition orders took effect from 8 May 2019. POs issued
- MAS
- Media Releases
Last revised date:
- Singapore, 9 May 2019… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against three individuals for dishonest conduct. The individuals are: Name Duration of Prohibition Orders Mr Jeremy Lee Seow Poh, former representative of Jefferies Singapore Limited (JSL) 4 years Mr Ong Eng Keong, former representative of JSL 2 years Mr Yap Chee Hoe, former representative of Legacy FA Pte. Ltd. (Legacy) 2 years All three prohibition orders took effect from 8 May 2019. POs issued
- MAS
- Notices
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- 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 Offices (“FOs”) under the Securities and Futures (Exemption for Cross-Border Arrangements) (Foreign Offices) Regulations 2021. This notice applies to - Capital markets services licensees (excluding venture capital fund managers); - Exempt futures brokers and exempt
- MAS
- Media Releases
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- I. Introduction 1. The 24th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) was convened on 3 May 2021 under the co-chairmanship of H.E. Dato Ahmaddin Abdul Rahman, Deputy Minister of Finance and Economy (Fiscal) of Brunei Darussalam, H.E. Rokiah Badar, Managing Director of Autoriti Monetari Brunei Darussalam and H.E. Nam-Ki Hong, Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea, H.E. Juyeol Lee, Governor of the Bank of Korea. The meeting
- MAS
- Media Releases
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- I. Introduction 1. The 24th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) was convened on 3 May 2021 under the co-chairmanship of H.E. Dato Ahmaddin Abdul Rahman, Deputy Minister of Finance and Economy (Fiscal) of Brunei Darussalam, H.E. Rokiah Badar, Managing Director of Autoriti Monetari Brunei Darussalam and H.E. Nam-Ki Hong, Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea, H.E. Juyeol Lee, Governor of the Bank of Korea. The meeting
- MAS
- Media Releases
Last revised date:
- Singapore, 21 February 2008...The Monetary Authority of Singapore (MAS) is seeking views on proposed Guidelines on Fair Dealing – Board and Senior Management Responsibility for Delivering Fair Dealing Outcomes to Consumers (Guidelines). 2 The Guidelines emphasise the responsibility of the Board and Senior Management of financial institutions (FIs) to deliver fair dealing outcomes when FIs provide financial advisory (FA) services to retail consumers. The fair dealing outcomes that FIs should strive
- MAS
- Media Releases
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- Singapore, 3 August 2020… The Monetary Authority of Singapore (MAS) and Enterprise Singapore announced that the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SWITCH) will expand to become the world’s first week-long round-the-clock, hybrid digital and physical event. Running from 7 to 11 December 2020, participants may attend in person at key physical locations around the world as well as be connected in an online city experience. 2. SFF x SWITCH 2020 will provide
- MAS
- Speeches
Last revised date:
- The rapid adoption of digital solutions has enhanced the economic and social well-being of millions of people around the world. But many of these solutions are not interoperable. Digital transactions are not seamless and we are not able to exploit the full efficiency benefits of digitalisation. It also means that the digital economy is not as inclusive as it should be. To create a truly efficient and inclusive digital economy, digitalisation must be end-to-end. Digital innovation is not just about