RegAlertIndividual decision · SECP · 25 Feb 2020
SRO 125 (I)/2020 Notification Real Estate Investment Trust Regulations, 2015
The Securities and Exchange Commission of Pakistan declares the subsidiary of ISE Towers REIT Management Company Limited eligible for appointment as Trustee of a REIT scheme. This eligibility is subject to the fulfillment of terms and conditions specified by the Commission under clause (f) of regulation 40 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 21 st February, 2020 NOTIFICATION S.R.O. 125 (I)/2020.- The Securities and Exchange Commission of Pakistan, in exercise of the powers conferred under sub-section (3) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), read with clause (v) of regulation 3A of the Real Estate Investment Trust Regulations, 2015, is pleased to notify that the subsidiary of ISE Towers REIT Management Company Limited is considered eligible for appointment as Trustee of a REIT scheme subject to fulfillment of such terms and conditions as may be specified by the Commission under clause (f) of regulation 40 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the “NBFC Regulations”). No. SCD/NBFC/NBFC/2020-
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- Definition / condition 1
- background, boilerplate
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- Issued under
“read with clause (v) of regulation 3A of the Real Estate Investment Trust Regulations, 2015”
“in exercise of the powers conferred under sub-section (3) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984)”
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