Minimum subscription requirement for REIT offers fixed; unit composition lowered to a fixed unit denomination under amended regulations. Amendment prescribes a fixed minimum subscription requirement for any investor in initial and public offers of REITs and revises unit denomination by substituting prior monetary phrasing with a prescribed unit composition, with the regulations taking effect upon publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Minimum subscription requirement for REIT offers fixed; unit composition lowered to a fixed unit denomination under amended regulations.
Amendment prescribes a fixed minimum subscription requirement for any investor in initial and public offers of REITs and revises unit denomination by substituting prior monetary phrasing with a prescribed unit composition, with the regulations taking effect upon publication in the Official Gazette.
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