Amendments to the Requirements of a REIT Property Manager under Rule 7 of the IRR of R.A. No. 9856

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...

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