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)|