June 19, 2019
SEC MSRD
NOTICE
The Commission hereby requests all interested parties to comment on the attached AMENDMENTS TO THE REQUIREMENTS OF A REIT PROPERTY MANAGER UNDER RULE 7 OF THE IMPLEMENTING RULES AND REGULATIONS OF R.A. NO. 9856 OR THE REAL ESTATE INVESTMENT TRUST (REIT) ACT.
Kindly address your comments to the Markets and Securities Regulation Department (MSRD), Ground Floor Secretariat Building, PICC Complex, Roxas Boulevard, Pasay City, c/o Atty. Glory Grace Arugay not later than 12nn, 4 July 2019. You may also email your comments to [email protected], [email protected], [email protected] and [email protected].
Issued on June 19, 2019. ITAaHc
ATTACHMENT
SEC MEMORANDUM CIRCULAR NO. _____
Series of 2019
TO | : | ALL SEC REGISTERED DOMESTIC CORPORATIONS |
SUBJECT | : | AMENDMENTS TO THE REQUIREMENTS OF A REIT PROPERTY MANAGER UNDER RULE 7 OF THE IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT NO. 9856 OR THE REAL ESTATE INVESTMENT TRUST (REIT) ACT |
RULE 7 — PROPERTY MANAGER
SEC. 1. Property Manager. — A REIT shall appoint a Property Manager who shall be independent of the REIT, its promoter/s or sponsor/s. To ensure independence of the...