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
    • Letters to Editor

    Last revised date:

    •  Dear Sir I refer to "Why unit trust levies performance fees" (Straits Times, 31 Aug 04). 2   Fund managers typically impose fees to reflect the amount of active attention required for the investment strategy adopted for the fund.  Performance-based fees are used by many fund managers around the world as incentives for better investment performance. The level of fund management and performance -based fees are business decisions by fund managers. 3   MAS does not influence the fees that a fund manager
    • PDPC
    • Public Consultations

    Last revised date:

    • Faculty of Arts & Social Sciences National University of Singapore Blk AS6, #03-41 11 Computing Drive Singapore 117416 19 Sep 2017 Personal Data Protection Commission 460 Alexandra Road #10-02 PSA Building Singapore 119963 corporate@pdpc.gov.sg Dear Sir/Madam, Re: NM4203 Response to the Public Consultation for Approaches to Managing Personal Data in the Digital Economy We thank the Personal Data Privacy Commission (PDPC) for this opportunity to participate in the policymaking
    • MAS
    • Consultations

    Last revised date:

    • Response VIEW DOCUMENT Response to Feedback Received on Removing the DBU ACU Divide Implementation Issues (830.9 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Removing the DBU-ACU Divide - Implementation Issues (1.73 MB) RESPONSE TO FEEDBACK RECEIVED February 2017 Response to Feedback Received Removing the DBU-ACU Divide-Implementation Issues Monetary Authority Of Singapore 1 -------- RESPONSE TO FEEDBACK RECEIVED ON REMOVING THE DBU-ACU DIVIDE IMPLEMENTATION
    • MAS
    • Speeches

    Last revised date:

    • 1 Minister of State, Ministry of Culture, Community and Youth and Ministry of Trade and Industry, Mr Alvin Tan, on behalf of Senior Minister and Minister-in-charge of the Monetary Authority of Singapore (“MAS”), Mr Tharman Shanmugaratnam, today moved the Financial Services and Markets Bill 2022 (“FSM Bill”) for First Reading in Parliament. BACKGROUND 2 Presently, MAS regulates the financial sector by entity 1 and activity 2 through various MAS-administered legislation. The Monetary Authority of Singapore
    • MAS
    • Letters to Editor

    Last revised date:

    • (BT, 30 December 2004). 2   Banks and financial institutions are required to ensure that the total amount of credit facilities, including property vendors' loans, obtained for the purchase of residential property does not exceed the maximum permitted by MAS. 
    • MAS
    • Letters to Editor

    Last revised date:

    •  Dear Sir, I refer to the letter "More insurance info needed" (BT, April 7). 2   Information is available in the public domain for consumers to evaluate insurance products.
    • PDPC

    Last revised date:

    • GUIDE TO DEVELOPING A DATA PROTECTION MANAGEMENT PROGRAMME Published 1 NOVEMBER 2017 -------- GUIDE TO DEVELOPING A DATA PROTECTION MANAGEMENT PROGRAMME (Published 1 November 2017) TABLE OF CONTENTS PART 1: INTRODUCTION ....................................................................................................................... 3 1.1 What is a DPMP? ..................................................................................................................
    • MAS
    • Forms and Templates

    Last revised date:

    • Form for a benchmark administrator to appoint a member to its oversight committee. SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (FINANCIAL BENCHMARKS) REGULATIONS 2018 REGULATION 8(4) APPLICATION FOR APPROVAL OF MEMBER OF OVERSIGHT COMMITTEE FOR DESIGNATED BENCHMARKS FORM 1 1. Please read the explanatory notes and questions carefully before completing the application form. Explanatory Notes 2. All questions must be answered. If a question
    • MAS
    • Enforcement Actions

    Last revised date:

    • 1          MAS has issued two prohibition orders against Mr Ho Chee Hui (“Mr Ho”), a former representative of The Great Eastern Life Assurance Company Limited (“GELS”), prohibiting him for a period of 2 years from: (a)  carrying on business as an insurance intermediary and from taking part, directly or indirectly, in the management of any insurance intermediary in Singapore; and (b)  providing any financial advisory service and from taking part, directly or indirectly, in the management of, acting
    • MAS
    • Letters to Editor

    Last revised date:

    •  Dear Sir I refer to "Let's not make an Opera out of IPOs" (BT, June 28) is incorrect in claiming that poison pen letters have caused unnecessary delays in the public offering process of many companies. 2   MAS carefully assesses the merits of any comments we receive before deciding whether follow-up