Capital markets regulator Securities and Exchange Board of India (SEBI) has revealed the disclosure formats for compliance reports on governance and annual secretarial for emerging investment vehicles — real estate infrastructure trusts (REITs) and infrastructure investment trusts (InvITs). These formats will come into force from the financial year 2023-24 onwards. SEBI has issued four separate circulars regarding the same. In the compliance report format on governance, InvITs and REITs will have to disclose various information such as the investment manager’s name, the board of directors’ composition of the investment manager and the composition of committees, among others, on a quarterly basis. Furthermore, SEBI has issued separate formats for the financial year that must be submitted by the investment managers of InvITs and REITs.
SEBI Introduces New Disclosure Formats for Governance and Compliance Reports by REITs and InvITs
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