ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
21. Winding up of a real estate investment trust scheme
Edition: 2023-10-06 · In force
21. Winding up of a real estate investment trust scheme
(1)The Authority may, where it revokes an authorization under regulation 20, apply to the Court for the appointment of a person to wind up the real estate investment trust scheme.(2)Where the Authority has made an application under paragraph (1), it shall—(a)give a written notice of the application to the trustee and the REIT manager; and(b)inform the REIT securities holders of the application.(3)This regulation shall apply subject to any orders of the Court under regulation 23.