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(SEBI) Disclosure of Financial Information in Offer Document for REITs

SEBI Circular No. CIR/IMD/DF/141/2016 dated December 26, 2016 to all Real Estate Investment Trusts (REITs), all Parties to REITs, all Stock Exchanges and all Merchant Bankers

1. Regulation 15 (2), read with Schedule III, of the SEBI (Real Estate Investment Trusts) Regulations, 2014 (‘the REIT Regulations’) prescribe disclosures to be made in an offer document. The said disclosures, inter-alia, include disclosures for financial information of the REIT as well as the Manager and the Sponsor.

2. With reference to aforesaid Regulations, the detailed requirements for disclosure of financial information in offer document for REITs are placed at ‘Annexure - A’.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 33 of REIT Regulations.

Annexure A available in the Circular - download at SEBI site.

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