Regulatory Alerts2026-01-05
Added · Updated
S.R.O.2(I)/2026 – Amendments to the REIT Regulations, 2022
The Securities and Exchange Commission of Pakistan amends the Real Estate Investment Trust Regulations, 2022, by updating definitions for borrowing, customer advances, and various REIT types, while introducing specific listing deadlines of one to three years depending on the scheme structure. The amendments impose strict requirements on the transfer of real estate or SPV shares to the Trustee within 120 to 360 days, mandate that Financial Close be achieved before public listing, and enforce a 75% income and asset test for Rental, Investment-based, and Developmental REITs. Additionally, the regulations require dividends to be paid electronically, establish new governance and reporting obligations for REIT Management Companies and Trustees, and specify fee payment timelines and credit rating requirements for banks and auditors.