Draft Amendments to REITs Regulations 2015

GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad, the 18 th February, 2020 NOTIFICATION S.R.O. 118 (I)/2020.- The following draft amendments to the Real Estate Investment Trust Regulations, 2015, proposed to be made by the Securities and Exchange Commission of Pakistan, in exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), read with the Securities and Exchange Policy Board’s directive vide notification S.R.O 1620(I)/2019, dated December 24, 2019, are hereby published for information of all the persons likely to be affected thereby and notice is hereby given that comments, if any, received within fourteen days of the date of this notification will be taken into consideration, namely:- DRAFT AMENDMENTS In the aforesaid Regulations, in Schedule III*,-

1. in clause A, in the heading “Application Fees under the Rules” for the table, the following
   shall be substituted namely,-
   “A) Application Fees under the Rules:
   S# Form Subject of application Amount
   (RS.)
   1 Form I Application for permission to form an RMC 250,000 2 Form II Application for license to undertake or carry out an activity or function 500,000 3 Form IV Application for renewal of licence to carry out an activity or function. Nil
2. in clause B, under the heading “Application Fees” for the first table, following shall be
   substituted, namely:-
   “B) Application Fees:
   S# Subject of Application Amount (RS.)
   1 Application for registration of a REIT scheme 500,000/- *Schedules of fee revised as per the direction of the Securities and Exchange Policy Board vide SRO 1620(I)/2019, dated-December 24, 2019. No. SCD/NBFC/NBFCR/2019-