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<h1>Regulation 26C mandates vigil mechanism for REIT managers, ensuring whistleblower protection and audit committee oversight.</h1> Regulation 26C of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, mandates that the Manager establish a vigil mechanism, including a whistleblower policy, for directors and employees to report genuine concerns. This mechanism must provide safeguards against victimization and allow direct access to the audit committee chairperson in exceptional cases. The Manager may engage an independent service provider to operate the mechanism, who will report to the audit committee. The audit committee is responsible for reviewing the functioning of this vigil mechanism. This regulation was inserted effective April 1, 2023.