REIT definitions framework sets out control, asset, governance, and issuance concepts for the regulatory regime. Regulation 2 supplies the interpretive framework for the REIT Regulations by defining the principal legal and market participants, transaction types, ... Summary
REIT definitions framework sets out control, asset, governance, and issuance concepts for the regulatory regime.
Regulation 2 supplies the interpretive framework for the REIT Regulations by defining the principal legal and market participants, transaction types, asset categories, and governance concepts used throughout the regime. It sets out the meanings of terms such as REIT, units, sponsor, sponsor group, manager, trustee, holdco, special purpose vehicle, listed REIT, public issue, preferential issue, rights issue, follow-on offer, strategic investor, institutional investor, qualified institutional buyer, and related party, together with the cross-reference rule for undefined expressions drawn from the Act, the Companies Act, the Securities Contracts (Regulation) Act, and related rules.
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