MAS is consulting on proposed amendments to the Business Trusts Act (Cap. 31A) (“BTA”).
The proposed amendments mainly seek to align the BTA with the Companies (Amendment) Act 2014, the Companies (Amendment) Act 2017 and the regulatory regime for REITs, and to streamline and clarify regulatory requirements in response to industry feedback.
MAS invites comments from interested parties on the proposals set out in the consultation paper.