Regulatory Alerts2019-12-11
EAC Council Directive on Real Estate Investment Trusts (REITs)
The East African Community Council of Ministers issued this directive to harmonize eligibility, governance, and operational standards for Real Estate Investment Trusts across Partner States. It establishes a streamlined recognition process for cross-border REIT operations, mandating specific disclosure documents, valuation reports, and listing approvals while ensuring investor protection and market transparency. Partner States must enact implementing laws within one year, adopt proportional sanctions for non-compliance, and apply unified disclosure standards to enable simultaneous multi-jurisdictional listings.
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