REIT Regulatory Focus and Opportunities
SFC
證監會
Core requirements and regulatory focus
Good marketable legal and beneficial title in real estate owned by the
REIT
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Duty on REIT manager to conduct due diligence with proper legal advice
Properties with immaterial title issues may be acceptable subject to full
disclosure and mitigation measures (with reference to Listing Rules
requirements and practices)
Must be managed by an SFC-licensed REIT manager
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To expedite process, applicant may submit the profiles of responsible
officer candidates to the SFC for review in advance of formal licensing
application
Stapled structure may be adopted
So long as similar governance and investor protection measures are in
place and requirements in the REIT Code are complied with in substance
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