ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
58. Connected party transactions
Edition: 2023-10-06 · In force
58. Connected party transactions
(1)A REIT manager shall conduct all transactions at an arm’s length and in an open and transparent manner.(2)A REIT manager shall not act or conduct transactions in a manner that would result in unnecessary, cost or risk to the fund; and(3)A REIT manager that intends to conduct a transaction with a connected person shall comply with regulation 118.