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of <h1>SEBI Updates REITs Regulations: New Provisions for Investor Protection and Unclaimed Funds Claims in Regulation 18 Effective October 2023.</h1> The Securities and Exchange Board of India (SEBI) has issued the Third Amendment to the Real Estate Investment Trusts (REITs) Regulations, 2014, effective from October 20, 2023. The amendment modifies regulation 18, sub-regulation (16), by changing the punctuation in sub-clause (f) and adding a proviso that funds transferred to the Investor Protection and Education Fund will not accrue interest. Additionally, a new sub-clause (g) allows for the claiming of unclaimed or unpaid amounts transferred to the fund, as specified by SEBI. This amendment aims to enhance investor protection and fund management.
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