ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
14. Restriction on offer and promotion
Edition: 2023-10-06 · In force
14. Restriction on offer and promotion
(1)A person shall not offer or issue REIT securities to any person unless the offer or issue complies with these Regulations.(2)A person shall not—(a)issue or cause to be issued an advertisement—(i)inviting a person to become or offer to become an investor or a holder of REIT securities; or(ii)containing information which may lead directly or indirectly to a person becoming or offering to become a participant in a scheme; or(b)advise or procure a person to become or offer to become an investor or a holder of REIT securities;unless the REIT securities are for a scheme that has been declared to be an authorized scheme by the Authority under regulation 18.(3)The provisions of this regulation and regulation 15 shall not apply to an offer or issue to the promoter or any person connected with the promoter or to the procuring of such person to become a holder of REIT securities.