COLL 12.6.14 Duty to notify relevant exchange—REITs

(1) The operator and the independent entity of a REIT must notify the exchange in which the REIT is listed if a material event occurs in relation to the REIT. The notice must be given immediately, but within 1 business day.
(2) In this rule, material event includes:
(a) an event, or change in circumstances, that is likely to have a significant adverse effect on the REIT or its unitholders;
(b) an event, or change in circumstances, that is likely to result in material prejudice or damage to the REIT or its unitholders;
(c) a failure, in a material respect, to comply with the operator's or independent entity's functions under these rules;
(d) a major breach of the restrictions on the fund's investment and borrowing;
(e) a material change in the fund's risk management process;
(f) any matter (other than the issue or redemption of units in the ordinary course of business) that has a material effect on the size of the fund or the price of its units; and
(g) any other matter that is likely to result in (or that is, under the exchange's rules, ground for) the suspension by the exchange of trading in listed units.
Inserted by QFCRA RM/2016-1 (as from 19th September 2016)