SEBI Amends REITs and InvITs Regulations | Introduces a Framework for ‘Unit-Based Employee Benefit Scheme’
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- Last Updated on 16 July, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/192; Dated: 09.07.2024
SEBI has notified the SEBI (InvITs) (Second Amendment) Regulations and SEBI (REITs) (Second Amendment) Regulation, 2024. A framework for a ‘unit-based employee benefit scheme’ has been inserted. As per the new framework, the unit-based employee benefit scheme must be based on the nature of the employee unit option scheme. Also, SEBI has inserted a definition of “employee unit option scheme’ which refers to a scheme under which a manager grants unit options to its employees via employee benefit trust.
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