Through the amendments, SEBI has intended to streamline procedures and align them with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. These changes focus on reviewing investor complaints and the timeline for disclosing deviations in the use of proceeds.

Previously, the Master Circular required the Board of Directors of the Investment Manager to review the statement of investor complaints before submission to stock exchanges. This requirement has been eased, and now the statement will be reviewed quarterly by the Board and the Trustee. Similarly, the timeline for disclosing deviations in the use of proceeds has been updated, requiring submission to stock exchanges along with quarterly financial results, instead of within 21 days from the quarter’s end.

These amendments, effective immediately, as per SEBI aim to simplify compliance and ease the business operations of InvITs and REITs.

Click here for circular on InvITs and Click here for circular on REITs.