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Clifford Chance

Clifford Chance
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Requirements for the listing of Spanish Real Estate Investment Trusts on the Alternative Investment Market and differences with the Stock Exchange

15 March 2013

One of the mains changes to the new regulation on Spanish Real Estate Investment Trusts or REITs, pursuant to amendments made by virtue of Law 16/2012 to Law 11/2009 governing such companies, consists of allowing the REITs to list their shares not only on regulated or official securities markets, as would be the case of the Spanish Stock Exchanges, but also on multilateral trading systems, as would be the specific case of the Spanish Alternative Investment Market (MAB).

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