ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
106. Notification and compliance report by the REIT Manager
Edition: 2023-10-06 · In force
106. Notification and compliance report by the REIT Manager
The REIT manager shall, in addition to any other requirement for notification under these Regulations, notify the trustee and the Authority, within seven days of—(a)appointment or changes to the compliance officer of the REIT manager;(b)appointment, removal or retirement of—(i)the chief executive officer of the REIT manager; or(ii)a director of the REIT manager; and(c)its becoming aware of any failure, act or omission of the trustee, REIT manager including any person appointed by the REIT manager, any property manager, valuer, project manager certifier which constitutes or may constitute a breach of the provisions of the Act, these Regulations or the scheme documents and the steps taken by the REIT manager or any other party to rectify the breach as soon as possible.