Regulatory updates

DDR, Forest City, Phillips Edison join Ohio-based businesses in writing to Treasury Secretary Jack Lew to denounce proposed regulations under section 385.

Financial CHOICE Act will likely serve as committee’s preliminary agenda for 2017.

Advocates that materiality should continue to be guidepost of SEC’s disclosure regime and that reform efforts should focus on best ways to ensure disclosure of company-specific material information.

Regulations reduce built-in gain recognition period from 10 to five years and restrict ability of a non-REIT C corporation that has engaged in a tax-free spin-off to merge into an existing REIT.

Treasury Department evaluation affirms importance of federal program.

Topics of discussion include REIT best practices.

CIAT voices support for maintaining TRIA’s regulatory framework.

Brief relates to Murr v. Wisconsin.

NAREIT joined a group of real estate organizations requesting that the Senate follow notice and comment procedures should it decide to incorporate One Engine Inoperative standards into its criteria for determining hazards to navigable airspace.

Rule imposes a fiduciary standard on investment advice related to retirement savings.

Court holds REIT citizenship is based on the citizenship of its members, including shareholders.

REITs move closer to reality in India.