ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
117. Power of the Authority to require a valuation
Edition: 2023-10-06 · In force
117. Power of the Authority to require a valuation
(1)The Authority may, if it considers it necessary, appoint a valuer to carry out a valuation of any assets of a scheme.(2)A valuation carried out under paragraph (1) shall be final and binding.(3)The trustee, REIT manager, property manager, property certifier and valuer including any former valuer or other party acting for them or appointed in connection with the scheme,shall provide such documents, information and assistance to the Authority and any valuer appointed by the Authority to enable that valuer undertake its role in a professional manner.(4)Any fees, expenses or costs incurred by the Authority in appointing a valuer under this regulation shall be paid by the trustee out of the assets of the real estate investment trust.