ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
102. Failure to prepare reports
Edition: 2023-10-06 · In force
102. Failure to prepare reports
(1)Where the REIT manager fails to prepare or cause the preparation of accounts and reports as required under the Act or these Regulations, the trustee shall, without relieving the REIT manager of any obligation—(a)advise the Authority of the failure of the REIT manager; and(b)cause the accounts and reports, other than the REIT manager's report, to be prepared as soon as possible at the expense of the REIT manager.(2)The REIT Manager, any property manager, and any other person appointed by the REIT manager or the trustee in connection with the real estate investment trust scheme or any person whose fees or costs have been paid out of the fund or are recoverable from the fund, shall provide the trustee and any person appointed by the trustee to prepare the reports and accounts with such information, assistance and access to information and data as the trustee or the person appointed by the trustee may require.