Bangkok, The Securities and Exchange Commission (SEC) issued an announcement related to the collection, sale, and allocation of assets of Real Estate Investment Trusts ( REITs) to provide business operators with guidelines. To make the process of collecting, selling and allocating REIT assets more clear and in the same direction. According to the SEC, the idea is to issue an announcement specifying the criteria, conditions, and methods for collecting, selling, and allocating REIT assets so that REITs have clearer guidelines for collecting, selling, and allocating assets and in the same direction. Including having it be appropriate in practice and not being an obstacle to the business operator. The SEC therefore issued 4 announcements related to the collection, sale, and allocation of REIT assets, with the main points as follows: 1) REIT Manager It will be responsible for notifying the SEC of the termination of the trust, including compiling accounts. Various documents, evidence and financial statements of the trust are given to the payer to settle the trust. 2) The person who settles the trust. Its main duty is to collect Selling property Including paying off debts Divide and deliver money or assets to unitholders. and placing assets, etc. The collection, distribution, and allocation of REIT assets will be considered completed when the REIT settler has delivered the money or assets. along with copies of documents showing the amount of money or assets per unit to be paid back to trust unitholders and deliver a copy of the financial statements to unitholders or publish them on the website of the trust settler. Including that the property has already been placed at the property placement office (if any). 3) The liquidator of the trust may assign some duties that cannot be performed on his own to someone with expertise to perform on his behalf, such as sourcing or contacting property buyers. Preparation of financial statements and litigation, etc. In this regard, such related announcements Effective from 16 May 2024 onwards - Source: Thai News Agency