SM REIT registration fee framework requires staged non-refundable payments with reconciliation against final issue size.

Applicants for SM REIT registration must pay a non-refundable application fee with the application and a non-refundable registration fee within fifteen days of Board intimation. SM REIT schemes making initial or follow-on offerings must pay a non-refundable filing fee when filing the draft scheme offer document, computed as the higher of a fixed sum and a percentage of total issue size. Any fee deficiency or excess on reconciliation with final issue size is to be adjusted or refunded. Payments must be made electronically via prescribed modes.

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