SEBI Sets Rules for Depositary Receipts Linked to REIT and InvIT Units The Securities and Exchange Board of India has issued rules covering depositary receipts involving...
The Securities and Exchange Board of India has issued rules covering depositary receipts involving units of real estate investment trusts and infrastructure investment trusts.
The move applies to units issued by REITs and InvITs. REITs are real estate investment trusts, while InvITs are infrastructure investment trusts. Both are established investment structures whose units can be held by investors.
By issuing rules specifically for depositary receipts linked to these units, SEBI has set out a regulatory framework for this area of the market.
The rules add regulatory clarity to depositary receipts associated with REIT and InvIT units. The information available does not specify the detailed provisions, implementation timeline or expected market impact.
Further developments will depend on the details of the rules and how market participants apply them.
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