MAS Issues Business Trusts Regulations

ISSUANCE OF THE BUSINESS TRUSTS REGULATIONS AND THE SECURITIES AND FUTURES (OFFERS OF INVESTMENTS) (BUSINESS TRUSTS) REGULATIONS 2005

Singapore, 6 January 2005... The Monetary Authority of Singapore ("MAS") today issued the Business Trusts Regulations and the Securities and Futures (Offers of Investments) (Business Trusts) Regulations 2005 (collectively referred to as "the Regulations").

2. With the issuance of the Regulations, MAS will begin accepting applications for the registration of business trusts with immediate effect.


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