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 Mr Deputy Speaker, I beg to move, "That the Bill be now read a second time". Background 2 In a constantly changing environment, our legislation needs to be reviewed regularly to keep pace with changes. The Monetary Authority of Singapore (MAS) therefore reviews the Banking Act from time to time to ensure that the regulatory framework for banks continues to foster safety and soundness in Singapore’s banking system while making sure that requirements are not unduly burdensome. 3 In this round of
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Policy Consultation on Amendments to the SFA and FAA (268.1 KB) Consultation Paper VIEW DOCUMENT Policy Consultation on Amendments to the SFA and FAA (183.5 KB) RESPONSE TO FEEDBACK RECEIVED - POLICY CONSULTATION ON AMENDMENTS TO THE SFA AND FAA On 25 September 2003, MAS issued a consultation paper on key changes that were being considered for the second phase of amendments to the Securities and Futures Act ("SFA") and the Financial Advisers Act ("FAA
- MAS
- Monographs/Information Papers
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- This paper provides a technical overview to the concept of PBM, which enables money to be directed towards a specific purpose, without requiring money itself to be programmed. PBM features the use of a common protocol that is designed to work with different ledger technology and forms of money. With a standardised format, users will be able to access digital money using the wallet provider of their choice. Purpose Bound Money (PBM) Technical Whitepaper -------- Contents 1. Introduction .......
- PDPC
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- GUIDE TO MANAGING DATA BREACHES 2.0 1 GUIDE TO MANAGING DATA BREACHES 2.0 -------- 2 -------- GUIDE TO MANAGING DATA BREACHES 2.0 3 CONTENTS INTRODUCTION ................................................................................................... 4 PREPARING FOR DATA BREACHES ................................................................... 6 RESPONDING TO DATA BREACHES ................................................................. 10 ANNEX A Possible Causes of
- MAS
- Speeches
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- Singapore Facing Tomorrow's Insurance Industry Mr Manuel Aguilera-Verduzco, Chairman of IAIS Executive Committee, Distinguished Guests, Ladies and Gentlemen, 1 Over the past decade, the financial and insurance industries have seen radical and profound changes. These changes started long before September 11, but the World Trade Centre attacks added more pressure on the system. 2 First , the structure of the global financial industry is being transformed. Fierce competition has led to mergers among
- MAS
- Forms and Templates
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- Form for persons to notify MAS of their commencement of financial advisory services as an exempt financial adviser serving not more than 30 accredited investors. The form is to be submitted no later than 14 days after the commencement of business. Form 20 should be lodged online via https://go.gov.sg/noticeofcommencementofbusiness-form20 FINANCIAL ADVISERS ACT 2001 FINANCIAL ADVISERS REGULATIONS NOTICE OF commencement of business lodged pursuant to rEGULATION 37(2) BY PERSONS EXEMPT FROM HOLDING
- MAS
- Forms and Templates
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- Helps financial institutions evaluate their controls and processes against the relevant sections in the Technology Risk Management Guidelines. -------- 1 - Cover Page ,,Confidential,,,,,,,, ,,,,,,,,,, ,,"COMPLIANCE CHECKLIST FOR TECHNOLOGY RISK MANAGEMENT GUIDELINES",, ,, , ,, , ,,,,,,,,,, ,,Name of Financial Institution, ,,,,, ,, ,,Date Completed,,,,, ,,, ,,,,,,,,,, ,,Name of Respondent,,,,,,,, ,,Designation / Title,,,,,,,, ,,Contact Number,,,,,,,, ,,Email Address,,,,,,,, ,,,,,,,, ,, ,,Name
- MAS
- Speeches
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- Ms Fann Teh, IMAS Regulatory Committee Chair, Panel Speakers, Members of IMAS, Ladies and gentlemen Introduction Good afternoon and thank you for having me back at this annual Regulatory Forum as IMAS turns 25 this year. When we last met, I noted that the asset management industry was in a strong position to build back better despite the challenges posed by the COVID-19 pandemic. Let us look at where things stand this time round: • Globally, asset under management (AUM) grew by 11% to reach US$103
- MAS
- Speeches
Last revised date:
- "Building Human Capital for the New World and Beyond" 1 Good morning ladies and gentlemen. I would like to thank the Singapore Insurance Institute and its President, Mr Derek Teo, for inviting me to address you this morning. 2 The insurance industry has undergone significant changes over the last few years. There has been substantial consolidation amidst a demanding operating environment. At the same time, a number of countries in Asia have begun to liberalise their insurance markets, presenting
- MAS
- Speeches
Last revised date:
- Five years ago, we had a vision – to make Singapore a Smart Financial Centre. A financial centre where innovation is pervasive and technology is used widely - to increase efficiency; to create new opportunities; to manage risks better; and most importantly to improve people’s lives. A new buzzword was emerging on the scene - “FinTech”. We set our goal to become a leading global FinTech hub. At the core of our drive was a conviction that technology will fundamentally transform financial services