Article 8(a): Procedures and Powers of the Authority in Relation to an Application

a) In considering an application to offer units in a real estate investment fund, the Authority may:

1. Carry out any enquiries that it considers appropriate;

2. Require the applicant or its representative, to attend before the Authority to answer questions and explain any matter the Authority considers relevant to the application. An applicant becomes subject to these Regulations from the date of submission of an application;

3. Require the applicant to submit such additional information or verify the submitted information as the Authority considers appropriate within (30) days of the request; and

4. Verify any information provided by the applicant.