The Securities and Futures Commission (SFC) announces that today the revised Code on Real Estate Investment Trusts (REIT Code) was gazetted and thereby takes effect.
Amendments to the REIT Code were made to implement proposals to give real estate investment trusts the flexibility to invest in property development activities and financial instruments (Note 1).
Updated frequently asked questions are now available on the SFC website to provide further guidance to the industry on how to apply the amendments.
Updated educational information reflecting the amendments has also been posted on the Investor Education Centre website.
Notes:
- These proposals were set out in the Consultation Conclusions on Amendments to the REIT Code published on 22 July 2014.