CFA Singapore welcomes the opportunity to participate in this MAS consultation paper. We commend the Monetary Authority of Singapore (“MAS”) for this set of comprehensive proposals to enhance the regulatory regime governing REITs and REIT Managers. Many of the proposals made are in line with the recommendations put forth in the CFA Institute report of February 2011 titled “Asia-Pacific REITs –Building Trust through Better REIT Governance”. Please find the report by CFA Institute HERE.