ABS-CBN
SEC wants REIT rules to include transpo, telco assets
The Securities and Exchange Commission (SEC) is proposing amendments to the rules for Real Estate Investment Trusts (REITs) to include sectors like power, infrastructure, and telecommunications.
The proposed changes aim to expand the definition of income-generating assets beyond traditional real estate properties.
Currently, REITs primarily invest in real estate assets intended for rental or lease, such as buildings and malls.
The draft circular also seeks to extend the deadline for reinvesting proceeds from REIT share or asset sales from one year to two years.
These updates are intended to clarify asset types and enhance disclosure and governance requirements for REITs.
The SEC is inviting public comments on the draft circular until December 3.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
