Special Presentation on New Regulatory Framework for REITs
Yesterday (15 May), lawyers of Lee Hishammuddin Allen & Gledhill (LHAG) hosted a special presentation on the revamped guidelines relevant to real estate investment trusts, or REITs, for members of the Malaysian REIT Managers Association.
Corporate partner Ong Eu Jin and senior associate Eileen Tan Yuh Wen highlighted key changes arising from the revised regulatory requirements under the Securities Commission and Bursa Malaysia pertinent to listed REITs, including unit buy-back, undertaking property development activities, acquisition of vacant land, lease arrangements and acquisition of land with income support arrangement.
Megat Hizaini Hassan, who heads the Islamic Finance Practice, focused on the implications of the new requirements on Islamic REITs.
16 May 2018