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

5. Structure of a real estate investment trust

Edition: 2023-10-06 · In force

A real estate investment trust scheme shall—

(a)be structured as an unincorporated common law trust which is divided into units;

(b)be established under a trust deed which sets out the matters specified in the First Schedule;

(c)have a trustee who is independent of the REIT manager and the promoter and satisfies the requirements of these Regulations; and

(d)have a REIT manager and a trustee who are licensed persons and satisfy the requirements of these Regulations.