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, 3 Apr 2009...MAS has issued the Guidelines on Fair Dealing - Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers (Click here to view the Guidelines) (100 KB) to promote fair dealing by financial institutions when they conduct business with their customers. 2 The Guidelines emphasise the responsibilities of the Board and Senior Management of financial institutions to deliver fair dealing outcomes when providing financial advisory services
- MAS
- Directives
Last revised date:
- Record keeping requirements for merchant banks who are Singapore Government Securities (SGS) dealers. Directive 28 18 Dec 1987 Directives to Merchant Banks Accounts 28(a) A dealer shall in relation to its business of dealing in Government securities maintain and keep records which :- (i) are kept in sufficient detail to show particulars of : (A) all monies received or paid by the dealer, including monies paid to, or disbursed
- MAS
- FAQs
Last revised date:
- This set of FAQs aims to guide and assist capital markets services licensees in complying with the risk based capital adequacy requirements under the Securities and Futures (Financial and Margin Requirements) Regulations and the Notice on Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licences. Monetary Authority of Singapore SECURITIES AND FUTURES ACT (CAP. 289) FREQUENTLY ASKED QUESTIONS (FAQs) ON THE RISK BASED CAPITAL (RBC) ADEQUACY REQUIREMENTS
- MAS
- Media Releases
Last revised date:
- Singapore, 8 October 2018… The Monetary Authority of Singapore (MAS) today announced the 60 finalists that will vie for the Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival. The finalists will get to showcase their innovative solutions at the Festival. 2 This year’s finalists were selected from 514 submissions 1 from over 40 countries, representing a cross-section of the growing FinTech community, including in insurance, digital payments, and cybersecurity
- MAS
- Circulars
Last revised date:
- Circular to Broker-Dealers on Enhancing Anti-Money Laundering & Countering the Financing of Terrorism Measures and Business Conduct This circular was issued following a series of thematic inspections carried out between 2014 and 2015 which covered licensed brokers and dealers, with regard to their AML/CFT practices, handling of customers’ moneys and assets, record keeping, and trading processes and controls. It sets out common findings, and good practices observed during the inspections. Circular
- MAS
- Forms and Templates
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- Form to be submitted by exempt corporate finance advisers to notify MAS of any change of their particulars within 14 days after the date of change. Form 23 should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . SECURITIES AND FUTURES ACT 2001 SECURITIES AND FUTURES (LICENSING AND CONDUCT OF BUSINESS) REGULATIONS FORM 23 NOTICE OF CHANGE OF PARTICULARS LODGED PURSUANT TO PARAGRAPH 7(6)(b) OF THE SECOND SCHEDULE TO THE REGULATIONS
- MAS
- Annual Reports
Last revised date:
- annual report 2008/2009 -------- -------- CONTENTS Chairmans Message Board Of Directors Board Committees Management Team OUR WORK Managing Risks, Emerging Stronger TUMULTUOUS YEAR FOR THE GLOBAL ECONOMY Contraction of Developed Economies Slowdown in Asia ex-Japan Easing of Inflationary Pressures Singapores GDP Growth Weakened Sharply 12 12 12 13 13 for Continuous Linked Settlement System Financial Impact of Crisis and Lessons Learnt Box Story 2: Singapore Government Guarantee
- PDPC
- Help & Resources
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- This guide is intended to help organisations to identify, prepare for, and manage data breaches. Organisations may also refer to this guide for key information on the mandatory Data Breach Notification Obligation under the PDPA, including the criteria, timelines and information to be provided when notifying the PDPC and affected individuals. Click here to find out more. Revisions to Guide (updated 15 March 2021) This guide replaces the Guide to Managing Data Breaches 2.0 and has been updated with
- MAS
- Media Releases
Last revised date:
- Singapore, 12 March 2009...MAS is consulting the public on proposals to further safeguard consumers’ interests and promote higher industry standards for the sale and marketing of unlisted investment products. 2 The proposals were formulated based on MAS' review of the sale and marketing of unlisted investment products after the current global financial crisis led to the failure of several structured notes in Singapore. Some of the main proposals are as follows: (i) Issuers will be required to
- MAS
- Media Releases
Last revised date:
- trusts; (f) clarify when an option or derivative transaction is subject to Rule 14 on mandatory offers, and require persons who would cross the mandatory offer thresholds as a result of such transactions to consult the SIC beforehand; Enhance disclosure (g) require disclosure of dealings in long options
- whether to permit an offeree company shareholder (who is not part of management) to invest in the bid company to the exclusion of all other offeree company shareholders; Keep pace with product innovation and market developments (e)clarify the application of the Code to real estate investment trusts and business