ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
92. Deferment of fees payable to a REIT manager
Edition: 2023-10-06 · In force
92. Deferment of fees payable to a REIT manager
A REIT manager may defer some or all the fees payable to it:Provided that:(a)the fees shall be deferred at the rate otherwise payable;(b)no interest shall be payable in respect of any deferred payment, and the effect or potential effect of such deferral on returns, distributions and performance of the scheme shall be clearly disclosed in any prospectus or offering memorandum and in the reports prepared under regulation 101; and(c)in the case of an unrestricted offer I-REIT the deferral shall not exceed a period of three years.