IN EXERCISE of the powers contained in Section 211 of the Securities Act, 2016, the following Guidelines are hereby made:
These Guidelines may be cited as the Securities (Real Estate Investment Trust) Guidelines, 2020.
These Guidelines shall apply to Income Real Estate Investment Trusts(I-REITS) authorized by the Commission and does not apply to Development Real Estate Investment Trusts (D-REITS), Mortgage Real Estate Investment Trusts (M-REITS) or other forms of REITS.