SECP Chairman Addresses Virtual Roundtable on Revamping REIT Regulations
Addressing a consultative roundtable, organized to discuss draft amendments to the REIT Regulations, 2015, the SECP Chairman, Aamir Khan reiterated the regulator’s resolve to reform the regulatory framework for REITs in the country, with the aim to move towards disclosure-based issuance, providing requisite support for growth of REIT schemes, reducing entry barriers and attracting PPP-based infrastructure projects into the realm of REITs.
A departmental presentation, delivered at the occasion, explained the major reforms proposed with regard to revamping of conventional REIT model, allowing REITs to invest either in Real Estate directly or through investments in Special Purpose Companies, introducing the concept of public private partnership-based infrastructure projects under the REIT umbrella, etc.