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<h1>Applicability of REIT regulations to SM REITs ensures most provisions apply, with manager treated as investment manager.</h1> Regulation 26G applies the REIT regulatory framework mutatis mutandis to Small And Medium REITs, except for chapters II, IV, V and regulation 22 under chapter VI; references to the 'manager' or the 'sponsor' in applicable provisions are to be construed as references to an investment manager of the SM REIT.