The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations

31. Exceptions to limitations on transfers in case of a restricted issue or offer

Edition: 2023-10-06 · In force

31. Exceptions to limitations on transfers in case of a restricted issue or offer

The restrictions on transfers in a D-REIT or an I-REIT shall not operate to restrict—

(a)a transfer as a consequence of death or insolvency or other in specie transfer; or

(b)prevent the trustee from registering a transfer:

Provided that evidence is submitted together with the request for transfer which sufficiently establishes that the transferee is either a professional investor or a person to whom an exemption applies.

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Source: Kenya Law