Relaxation from compliance to REITs and InvITs due to the CoVID -19 virus pandemic - SEBI - SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/563

CIRCULAR SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/563 May 14, 2021 To, All Infrastructure Investment Trusts (InvITs) All Real Estate Investment Trusts (REITs) All Parties to InvITs All Parties to REITs All Recognized Stock Exchanges All Depositories Madam / Sir, Sub: Relaxation from compliance to REITs and InvITs due to the CoVID -19 virus pandemic 1. SEBI is in receipt of representations from InvITs and REITs requesting extension of timelines for various regulatory filings and compliances for InvITs and REITs for the period ending March 31, 2021, inter-alia, due to ongoing second wave of the CoVID-19 pandemic and restrictions imposed by various state governments. 2. After consideration, it has been decided to extend the due date for regulatory filings and compliances for InvITs and REITs for the period ending March 31, 2021 by one month over and above the timelines, prescribed under SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) and SEBI (Real Estate Investment Trusts) Regulations, 2014 (REIT Regulations) and circulars issued thereunder. 3. The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 33 of InvIT Regulations and Regulation 33 of the REIT Regulations. This Circular is available on SEBI website at www.sebi.gov.in under the link Legal Circulars . Yours faithfully, Sabir Sawant Deputy General Manager Department of Debt and Hybrid Securities Email id - [email protected]