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
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Proposals for the Implementation of Basel II in Singapore - Phase 3 (181.2 KB) Consultation Paper VIEW DOCUMENT Proposals for the Implementation of Basel II in Singapore - Phase 3 (224.1 KB) RESPONSE TO FEEDBACK RECEIVED CONSULTATION ON PROPOSALS FOR THE IMPLEMENTATION OF BASEL II IN SINGAPORE PHASE 3 1. General Comments 1.1 In June 2006, MAS invited Singapore-incorporated banks to comment on draft rules and guidelines relating
- MAS
- Notices
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- This Notice sets out the requirements for licensed and exempted payment services providers to provide certain disclosures to customers and potential customers. Amendment Notes 7 April 2022 Notice PSN08 (Amendment) 2022 (284.6 KB) takes effect MAS Notice No.: PSN08 Notice to licensees and exempt payment service providers Payment Services Act 2019 (Act 2 of 2019) 7 March 2022 NOTICE ON DISCLOSURES AND COMMUNICATIONS Introduction 2. For presentational purposes, the amendments
- MAS
- Notices
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- Requirements and best practice standards on continuing professional development for insurance brokers and their broking staff. This notice applies to all registered insurance brokers, exempt insurance brokers and their broking staff. It sets out: Minimum standards and examination requirements for broking staff. Submission requirements for appointment of broking staff. Continuing professional development for broking staff. Amendment Notes 1 Nov 2021 Appendix 1 (Amendment) 2021 (91 KB) takes effect
- PDPC
- Practical Guidance
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- Clarification on the applicability of the credit bureau exception to the organisation’s operations and services provided, and guidance on the handling of personal data and measures the organisation may take to better ensure compliance with its obligations under the PDPA. Click here to find out more. GUIDANCE NOTE ON APPLICATION OF THE PERSONAL DATA PROTECTION ACT 2012 TO ISSUES AND CIRCUMSTANCES RAISED BY A CREDIT BUREAU 1. INTRODUCTION 1.1 This document responds to a request
- MAS
- Annual Reports
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- familiarise to Offers and Prospectuses Electronic Repository and Access (OPERA) to our on-line database rolling out In April 2012, MAS began that enhancements hosted prospectuses for offers of shares, debentures, units in business trusts and collective investment schemes.
- OPERA now also allows users to submit on-line applications for registration of business trusts. 30 MAS ANNUAL REPORT 2012/2013 -------- Payment System (MEPS+) refreshed MAS the system and application software used by the MAS Electronic Payment System (MEPS+), Singapores real-time
- MAS
- Speeches
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- Mr Lester Gray, Chairman of IMAS Mrs Patricia Khoo, Chairman of the Organizing Committee Mr Michael Lim, Executive Director of IMAS Distinguished Guests, Ladies and Gentlemen, Good morning. 1 Four years ago, I had the pleasure of delivering a speech at this same event. It is a stark contrast of the business environment today compared to 2005. 2 Some commentators have described the current times as a “major turning point” as all financial institutions including asset managers stand at the cusp
- MAS
- Speeches
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- Good morning from Singapore. I am pleased to join all of you, including our overseas Singaporeans and their friends, as well as leaders and professionals from Singapore’s financial centre at today’s forum. Singapore’s financial centre is doing exceedingly well, and prospects remain bright for the years ahead. The financial sector performed strongly throughout the Covid-19 pandemic. The sector Refers to growth in real value-added (excluding holding companies). grew by an annual average of 7.2% during
- MAS
- Media Releases
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- Singapore, 12 June 2019… The Monetary Authority of Singapore (MAS), Enterprise Singapore and the National Research Foundation (NRF) today announced that the Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) would come together as SFF x SWITCH to synergise across the themes of FinTech and Deep Tech. SFF x SWITCH will run from 11 to 15 November 2019. 2. SFF x SWITCH will bring insights from global thought leaders, showcase innovative solutions, and engage
- MAS
- Media Releases
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- Singapore, 25 August 2022... Singapore has awarded Professor Sir David Philip Lane, Honorary Senior Fellow at A*STAR, and Mr Walter B. Kielholz, Honorary Chairman of Swiss Re Ltd (Swiss Re), with the Honorary Citizen Award for their invaluable contributions to Singapore. Mdm Halimah Yacob, President of the Republic of Singapore, conferred the awards on Professor Lane and Mr Kielholz at a ceremony held at the Istana today. 2 The award is the highest form of recognition bestowed by the Singapore
- MAS
- Speeches
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- Ladies and Gentlemen 1 Fifty years is a long time in the history of independent Singapore. So let me extend my warmest congratulations to the Singapore Insurance Employees Union (SIEU) on its 50th anniversary. I am happy to join you this evening to celebrate this milestone event and recognise your contributions to Singapore and the insurance industry. 2 The SIEU has contributed to the development and growth of our insurance industry. It was formed in 1955, during a turbulent period in the