![]() The involvement of the custodian lessens the risk of any malpractices that may be harmful for the interests of the unit holders and the general public at large. The custodian watches over REIT assets and ensures that the REIT Scheme is managed according to the guidelines stipulated in the trust deed to minimize the risk of mismanagement by the RMC. CustodianĪ custodian could be a person or financial institution generally acting as a caretaker or watchdog, who watches over RMC’s unsafe investments. Formulating strategies which could act in the best interest of the beneficiaries.Īll the contributions, investments, returns on investments and other incomes earned by the RMC are held by the trustee on behalf of the participants.Ensure the overall processing complies with all applicable laws, rules, and regulations, including the terms of the trust documents.Ensure that the economic and financial aspects of REIT assets are properly managed in the sole interests of the unit holders.Collection of the contributions as required by the terms of the trust.Registration of Disabled People and issue the Disability Registration. ![]() ![]() A trustee in the case of Real estate investment trust can be a bank or a financial institution appointed with the approval of the SECP responsible for offering investment in mortgages and properties. The government of Pakistan issued notification dated 6th June 2009 for 50. ![]()
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