ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
128. Conduct of REIT manager and trustee
Edition: 2023-10-06 · In force
128. Conduct of REIT manager and trustee
(1)A trustee and REIT manager shall comply with the Act and Regulations and failure to do so may constitute a ground for the revocation by the Authority of a licence to operate as a trustee or REIT manager.(2)A trustee or REIT manager shall not—(a)guarantee a REIT securities holder that a specific result will be achieved arising from the advice which will be rendered; or(b)publish, circulate or distribute any advertisement which does not comply with the Act.(3)Any information provided by a REIT manager or the trustee to REIT securities holders through reports, newsletters and advertisements shall be factual and accurate.(4)A REIT manager or trustee shall not lend money to a REIT securities holder unless the REIT manager or the trustee is a financial institution engaged in the business of loaning funds or the loan is made by the trustee on behalf of the D-REIT pursuant to regulation 12.