COLL S5.18 Disclosure about competing business of affected persons

(1) If an affected person has an interest in a business that competes, or is likely to compete, with the REIT (whether directly or indirectly), the following information and statements:
(a) the business and its management;
(b) the nature, scope and size of the business;
(c) how the business competes, or is likely to compete, with the REIT.
(2) If relevant, the following must be included in the disclosure:
(a) a statement from the affected person that:
(i) it is capable of performing its duty to the REIT independently of the business; and
(ii) it will perform its duty independently and in the best interests of the REIT and the unitholders;
(b) a statement that the REIT may acquire any of the business or assets of the affected person.

Note For the obligation of the operator to notify unitholders of any significant change to the information required to be disclosed under this rule, see rule 12.6.12.
Inserted by QFCRA RM/2016-1 (as from 19th September 2016)