The draft rules for the Real Estate Investment Trust (REIT) are set to be finalised soon by the securities regulator - to create an opportunity for general people to get dividends from the real-estate investment.
The Bangladesh Securities and Exchange Commission (BSEC) on Monday held a meeting with the three committees, formed earlier to frame rules for the REIT.
"The BSEC holds the meeting with three committees to discuss the REIT draft rules. The draft rules are set to be finalised within 10-15 days, and then the regulator will seek public opinions," said Saied Mahmud Zubayer, a general manager of the Dhaka Stock Exchange (DSE).
The REIT will collect funds from general investors like the mutual funds by issuing units. They will get dividends against their funds, collected for constructing housing and multipurpose complexes.
The investors will also be allowed to transfer their units of the asset-backed securities like the mutual fund units.
In other countries, the companies which pool such funds are to distribute above 90 per cent of their profits.
The securities regulator earlier formed three committees - steering committee, consultative committee and working committee - to frame the REIT rules.
BSEC Commissioner Dr. Shaikh Shamsuddin Ahmed was the chairman of the steering committee.
Earlier, BSEC Chairman Prof. Shibli Rubayat Ul Islam said the REIT concept would be very useful, as the country's population is rising.
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