Regulatory Alerts2014-12-03
EAC Council Directive on Real Estate Investment Trusts
This Directive establishes a harmonized regulatory framework for Real Estate Investment Trusts (REITs) across the East African Community to ensure investor protection, market transparency, and reduced systemic risk. It defines standardized requirements for cross-border REIT recognition, listing, and corporate governance while mandating that Partner States implement these provisions within one year. The framework dictates mandatory disclosure and operational standards, alongside a specific application process for cross-border recognition involving detailed disclosure of scheme and party particulars.
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