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Following the public consultation in January 2014, the Securities and Futures Commission has recently released the Consultation Conclusions on the Amendments to the Code on Real Estate Investment Trusts (REIT Code) in July 2014.

The amendments to the REIT Code has introduced flexibility for REITs to invest in property development activities as well as financial instruments.

The revised REIT Code has become effective on 29 August 2014 upon gazettal.