SECP Proposes Revamping Of REITS Regulatory Framework Islamabad
Date: 16-09-2022
The Securities and Exchange Commission of Pakistan (SECP) has published a concept paper titled “Review of Landscape & Revamping Framework-REITs” for soliciting public comments. It provides a glance at Real Estate Investment Trusts (REITs) Industry and covers proposed amendment(s) in the REITs regulatory framework.
The aim of proposed regulatory amendments
is to introduce new REIT products, create ease for REIT Management Companies in
launching different REIT schemes, and shift towards reporting based regime.
REITs structure is new to Pakistan's market
but in past two years, ten (10) new REIT Schemes have been launched in the
country which shows huge potential for growth. National strategic projects
having social and economic benefits can also be financed and executed through
REITs Structure.
The concept paper, drafted after due consultation with stakeholders, can be accessed from SECP's website at:
Comments on proposed amendments in
regulatory framework can be shared by September 2, 2022 at
reitsfeedback@secp.gov.pk.
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