ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
18. Authorization of a scheme
Edition: 2023-10-06 · In force
18. Authorization of a scheme
(1)The Authority may, upon considering an application and determining that the scheme does not have a name that is undesirable or misleading, declare a real estate investment trust scheme to be an authorized scheme under these Regulations and issue to it, an authorization certificate in Form 2 of the Third Schedule.(2)The Authority may, in authorizing a scheme under paragraph (1), impose such conditions as it may consider necessary.(3)An order made under paragraph (1) shall not—(a)be construed as a recommendation as to the merits of a real estate investment trust scheme; or(b)render the Authority liable for any action in damages suffered by any person as a consequence of the authorization.