SECP proposes revamping of REITs regulatory framework
MG News | August 22, 2022 at 05:29 PM GMT+05:00
August 22, 2022: The Securities and Exchange Commission of Pakistan (SECP) has published a concept paper titled “Review of Landscape & Revamping Framework-REITs” which covers proposed amendment(s) in the REITs regulatory framework, a press release said today.
It provides a glance at Real Estate Investment Trusts (REITs) Industry. 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 toward a reporting-based regime.
REITs structure is new to Pakistan's market but in the 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.
Press Release
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