Regulatory Alerts2024-05-27
Added
Notice SFA 04-N14 to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management
The Monetary Authority of Singapore issued Notice SFA 04-N14 to impose requirements on the board governance and remuneration of Real Estate Investment Trust managers. The notice mandates specific standards for the composition and duties of audit committees, the conduct of board meetings, and the remuneration of directors and executive officers. These measures aim to foster stronger governance practices and greater alignment of interests while providing REITs with operational flexibility to enhance portfolio performance.
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