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
- Annual Reports
Last revised date:
- The Annual Report outlines MAS' activities and achievements in FY 2021/2022. It also includes MAS’ financial statements and a message from Mr Tharman Shanmugaratnam, Chairman, MAS. At the Annual Report media conference on 19 July 2022, MAS Managing Director Mr Ravi Menon, spoke on the global and domestic economic outlook, financial stability, financial sector performance and MAS' financial operations. Read his speech here . Download the Financial Statement 2021/2022 (545.3 KB) Download the Annual
- MAS
- Consultations
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- This consultation sets out MAS’ proposals to consolidate the regulation of MBs under the Banking Act upon removal of the DBU-ACU divide. MAS also proposes to move MBs to a licensing regime from the current approval framework under the Monetary Authority of Singapore Act. Response VIEW DOCUMENT Response to Feedback Received on Proposed Amendments to the Banking Act and Regulating Merchant Bank (979.7 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Regulating Merchant Banks under the Banking
- MAS
- Speeches
Last revised date:
- Introduction 1. Good afternoon. It is my pleasure to join you today at this Prelude event to ACI’s inaugural Asian Financial Markets Forum to be held in October. Asian economies and financial markets have experienced remarkable growth in the last two decades, and will continue to be major contributors to global growth going forward. With this positive outlook, I am glad that the Forum will focus on “The Asian Financial Markets in the Next Decade” – a theme which is highly important and invigorating
- MAS
- Speeches
Last revised date:
- We have made good progress in developing as the regional hub for innovative equity products, business trusts, exchange-traded funds (ETFs) and project finance. We envision Singapore as a centre of excellence for financial training, education and research.
- MAS
- Speeches
Last revised date:
- We must continue this partnership between the authorities and the corporate sector to seek continual improvements in corporate governance which will underpin Singapore's reputation as a trusted financial and business hub.
- MAS
- Media Releases
Last revised date:
- Singapore, 6 January 2021… The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing. Veritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions
- MAS
- Media Releases
Last revised date:
- Singapore, 6 January 2021… The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the first phase of the Veritas initiative which saw the development of the fairness assessment methodology in credit risk scoring and customer marketing. Veritas, which is a part of Singapore’s National AI Strategy, aims to provide financial institutions with a verifiable way to incorporate the FEAT (Fairness, Ethics, Accountability and Transparency) principles into their AIDA solutions
- MAS
- Forms and Templates
Last revised date:
- Form for potential acquirers to seek MAS' approval for obtaining effective control of registered insurance brokers. This form should be lodged online via FormSG . After submission, FIs may view a record of their submission by logging into MAS-Tx . INSURANCE ACT (Cap. 142) APPLICATION FOR APPROVAL TO OBTAIN EFFECTIVE CONTROL OF A REGISTERED INSURANCE BROKER UNDER SECTION 35ZI OF THE INSURANCE ACT Explanatory Notes For the purposes of this Form, a controller is defined as a person who has effective
- MAS
- Speeches
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- Family networks or guanxi are then efficient ways to establish a basis of trust for doing business, and to avoid the high costs of obtaining reliable knowledge about the other party's activities and finances. 10 But the non-transparency of this approach can lead to serious difficulties and abuses.
- MAS
- Consultations
Last revised date:
- trusts as defined under the Business Trust Act (Cap. 31A); and .
- EAD = B0 = Bt + ULF [Lt - Bt], where B0 = facility balance at date of default; Bt = current balance (for predicted EAD) or balance at reference date; Lt = current limit (for predicted EAD) or limit at reference date (for realised or observed EAD); (b) A limit factor (LF) is a specific
- Aa Reporting Banks must treat its holdings of units in real estate investment trusts as defined under section 2 of the Securities and Futures Act (Cap. 289) and business trusts as defined under the Business Trust Act (Cap. 31A) shall be treated as holdings in a single equity security for