Real Estate Investment Trust Regulations 2022 – Updated till January 1, 2026

PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad the 28th November, 2022 NOTIFICATION S.R.O. 2067(I)/2022.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, the same having been previously published for eliciting public opinion vide notification No. S.R.O 1766(I)/2022 dated September 26, 2022 on the website of the Commission, namely:-
CHAPTER-I
PRELIMINARY

1. Short title and commencement.--(1) These Regulations shall be called the Real Estate
   Investment Trust Regulations, 2022.
   (2) They shall come into force at once.
2. Definitions.--(1) In these Regulations, unless there is anything repugnant in the subject
   or context, -
   (i) “Act” means the Companies Act, 2017 (XIX of 2017); (ii) “Accredited Investors” means the following:
   (a) institutional investors including the following:
   (i) a financial institution [as defined in the companies Act, 2017]1 ; (ii) a company as defined in the Companies Act, 2017; (iii) an insurance company established under the Insurance Ordinance, 2000; (iv) []2 (v) a securities broker; (vi) a fund established as collective investment scheme under the Non￾Banking Finance Companies and Notified Entities Regulations, 2008; (vii) a fund established as Voluntary Pension Scheme under the Voluntary Pension System Rules, 2005; (viii) a private fund established under Private Fund Regulations, 2015; (ix) []3