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.
Notices
Last Revised Date: 27 May 2024
Notice SFA 04-N14 to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management
Requirements on REIT managers' board and governance, and remuneration for key personnel.
Corporate Governance
Disclosures
Remuneration
Issued pursuant to:
Securities and Futures Act (Cap. 289) section 101
Applies to:
REIT Management
View Notice
Notice SFA 04-N14 to All Holders of a Capital Markets Services Licence for Real Estate Investment Trust Management
(116.7 KB)
This notice applies to all real estate investment trust (REIT) managers.
It sets out requirements relating to the:
Remuneration of directors and executive officers.
Composition and duties of the audit committee.
Conduct of board meetings.
27 May 2024 MAS Notice SFA04-N14 (Amendment) 2024 (120.2 KB) takes effect.
1 Jan 2016 MAS Notice SFA 04-N14 (117.7 KB) takes effect takes effect.
How to qualify to be a REIT manager and what ongoing governance and compliance arrangements are expected.
Proposals to the REIT regime to foster stronger governance practices and greater alignment of interests, while providing REITs with more operational flexibility to enhance their portfolio to deliver stronger performance.
Consultation number:
P023-2014
Start date:
09 October 2014
Closing date:
10 November 2014
MAS response date:
02 July 2015