SEBI's Consultation
SEBI's Consultation Paper on fractional ownership of real estate
Securities Exchange Board of India (SEBI) has released a consultation paper titled “Regulatory Framework for Micro, Small and Medium REITs” (‘Consultation paper’) towards regulating fractional ownership of real estate in India. The paper notes the recent increase in the number of Fractional Ownership Platforms (FOPs) and the heterogeneity of their structures and offerings. SEBI has proposed to regulate these FOPs under the REIT Regulations by creating a separate category of Micro, small and medium REITs under the REIT Regulations, 2014 to ensure investor protection.
The Consultation paper is a welcome and important step by SEBI towards formalising and regulating fractional ownership of real estate, but the suggested regulatory approach may be seen as a missed opportunity to introduce a broader framework pertaining to asset tokenisation.
Crypto Legal and India Blockchain Forum (IBF) are pleased to share our response to the consultation paper with a hope that considering these suggestions can improve the proposed regulatory framework.
RECENT BLOGS
The NFT Royalties Debate Explained
The NFT Royalties Debate Explained What is the NFT Royalties Debate and Why is it Important?The NFT Royalties Debate is an ongoing discussion about the potential for creators to receive
Setting up a Crypto Exchange: Legal Considerations
Setting up a Crypto Exchange: Legal Considerations Understanding the Regulatory Landscape for Crypto Exchanges: What You Need to Know Cryptocurrency exchanges are becoming increasingly popular as more people become interested
Blockchain Startups Require Sound Legal Advice
Blockchain Startups Require Sound Legal Advice Blockchain startups are revolutionizing the way businesses operate, and they are in need of good legal counsel to ensure their success. Timely legal advice
The Deemed Data Protection Bill 2022
The Deemed Data Protection Bill 2022 The Boring Part: DPB 2019 The Data Protection Bill 2019 (DPB 2019) was introduced in the lower house of the Indian parliament, the Lok
RBI’s Concept Note on Indian CBDCs
RBI's Concept Note on Indian CBDCs The Reserve Bank of India (RBI) has released a concept note on Central Bank Digital Currency (CBDC), referred to as Digital Rupee, in India.