Format of Compliance Report on Governance for REITs - SEBI - SEBI/HO/DDHS-PoD-2/P/CIR/2023/101

CIRCULAR SEBI/HO/DDHS-PoD-2/P/CIR/2023/101 June 26, 2023 To, All Real Estate Investment Trusts ( REITs ) All Parties to REITs All the Recognised Stock Exchanges Madam / Sir, Sub: Format of Compliance Report on Governance for REITs 1. Regulation 26E of SEBI (Real Estate Investment Trusts) Regulations, 2014 ( REIT Regulations ) requires as under: (1) The Manager shall submit a quarterly compliance report on governance in the format as may be specified by the Board, to the recognized stock exchange(s) within twenty-one days from the end of each quarter. (2) The report referred in sub-regulation (1) of this regulation shall be signed either by the compliance officer or the chief executive officer of the Manager. 2. Accordingly, the formats of Compliance Report on Governance shall be as under: (a) Annex - I within twenty one days from the end of each quarter; (b) Annex - II within twenty one days from the end of financial year on an annual basis; (c) Annex - III within three months from the end of financial year on an annual basis; 3. Reporting and Monitoring (a) The manager of the REIT shall submit the compliance report on governance in the aforesaid format to the stock exchanges within the timelines as specified above. The compliance report on governance shall also be made part of annual report of the REIT. (b) The stock exchanges shall monitor the compliance of the above requirements and take appropriate action as specified by the Board from time to time. 4. This circular shall come into force with effect from the financial year 2023-24 onwards. Accordingly, the first reporting shall be made for the quarter ended June 30, 2023. 5. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 26E of the SEBI (Real Estate Investment Trusts) Regulations, 2014 . This circular is issued with the approval of the competent authority. 6. This circular is available on the website of Securities and Exchange Board of India at www.sebi.gov.in under the category Legal Circulars . Yours faithfully, Ritesh Nandwani Deputy General Manager Department of Debt and Hybrid Securities Tel No. +91-22-2644 9696 Email id - [email protected]