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of <h1>Mutual Funds Regulations amended to add REIT units, raise threshold to 97%, revise Specialized Investment Fund limits, delete reg 52(6A)</h1> The Board amends the Mutual Funds Regulations, 1996 effective on Gazette publication to (1) add units of REITs to the definition scope, (2) increase a prescribed threshold from 95% to 97%, and (3) revise provisions governing Specialized Investment Funds and concentration limits: permitting or referencing REIT units (15% and 10% thresholds) alongside paid-up capital carrying voting rights, capping cross-holdings at 5% where a mutual fund owns 10%, substituting 'company' with 'entity' in select clauses, omitting certain REIT references in investment permissions, and deleting a specified sub-clause in regulation 52(6A); corresponding amendments are made to Schedule VII.
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