SEBI permits the listing and trading of units of InvITs and REITs on recognized stock exchanges in IFSC
Sep 17, 2020
The Securities and Exchange Board of India (SEBI) on September 16, 2020 has issued a circular permitting the units of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) in the ‘Permissible Jurisdictions’ as permissible security under sub-clause (vi) of Clause 7 of SEBI International Financial Services Centres (IFSC) Guidelines, 2015. Thus, permitting dealing in units by stock exchanges operating in IFSC, if met with the following conditions:-
• Such InvITs and REITs shall fall and be regulated by the securities market regulator(s) under the list of permissible jurisdiction, notified by the Government of India vide notification dated November 28, 2019 in pursuance of Notification no. G.S.R. 669(E) dated September 18, 2019 in respect of sub-rule 1 of rule 9 of Prevention of Money-Laundering (Maintenance of Records) Rules.
• Such Inv…
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