ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
121. Meetings of REIT securities holders
Edition: 2023-10-06 · In force
121. Meetings of REIT securities holders
(1)The scheme documents shall provide for the calling of meetings of the REIT securities holders, voting and procedures for the conduct of meetings.(2)T'he provisions contained in the scheme documents shall—(a)include the matters set out in the Seventh Schedule;(b)be read in addition to the rights set out in the Act and in these Regulations to call meetings; and(c)not conflict with the provisions of the Act or these Regulations.(3)Where the approval of the REIT securities holders is required, then—(a)the promoter and any connected person shall not vote at a general meeting on the resolution if the proposed transaction involves the promoter or any connected person;(b)details of the proposed transaction together with any connection to the promoter shall be disclosed;(c)a full copy of the valuation report shall be provided to all REIT securities holders at the time when the notice of the meeting is issued; and(d)the Authority shall receive prior notification of the intended proposal to seek EIT securities holders approval prior to the circulation of any notice.