SEBI UPDATE
Consultation paper for amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014
SEBI has invited comment / suggestion on the below proposed amendments / clarification to certain provisions of the REIT regulations:
- Removing the restriction on the SPV (only in case of such SPV being a Holding Company) to invest in other SPVs holding the assets
- Clarifying the definition of “associates” in the regulations
- Clarifying the definition of “real estate property” in the regulations
- Increasing the number of sponsors
- Rationalization of compliance with respect to Related Party Transactions (RPTs) requirements
- Aligning minimum public holding requirement with Securities Contracts (Regulation) Rules, 1957 (SCRR)
- Allowing REITs to invest up to 20%, in under construction assets
- Responsibilities of trustee and its associates
- Operational aspects
The comments may either be forwarded by email to reit@sebi.gov.in or may be sent by post to the following address latest by August 07, 2016.
Ms. Richa Agarwal (Deputy General Manager)
Investment Management Department, Division of Funds I, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, G Block, Bandra Kurla Complex, Mumbai - 400 021
