Structure and regulatory risk
docs(corporate wiki): fidelity sweep — 15 of 65 articles defective across all 12 categories; MCorp/WCP entity-attribution regression, unresolved CTO-vs-active-offering contradiction (escalated), wrong insider-report deadline, unhedged AGM claims, legal-term errors
@@ -27,7 +27,13 @@ structure would not carry. Each Direct-Hold Solution is a separate legal entity, constituted under the law of its own jurisdiction: a limited partnership in Canada and the United States, a Sociedad Cotizada de Inversión en el Mercado Inmobiliario in Spain, and a Fideicomiso de Infraestructura en Bienes Raíces in Mexico. These are not the same legal instrument replicated four times — each is Raíces in Mexico. **Correction (2026-08-02):** the standard legally-established Mexican term (LISR Articles 187–188) is "Fideicomiso de Infraestructura **y** Bienes Raíces" ("and," not "in") — repeated with the same wording error in [[reports-mexico/mexico-reporting-overview|mexico-reporting-overview]]. **Flagged, not resolved.** These are not the same legal instrument replicated four times — each is subject to the corporate, tax, and securities law of its own jurisdiction, and the rights, protections, and obligations attached to an investment unit in one jurisdiction are not necessarily identical to those attached to an investment unit in another. An investor should @@ -40,6 +46,13 @@ plain-language convenience for describing a shared compliance status across juri does not eliminate the underlying legal differences between a Canadian reporting issuer, a United States reporting company, a Spanish Entidad Pública, and a Mexican Emisora. **Correction (2026-08-02):** "Entidad Pública" means "public-sector/government entity" in Spanish administrative/legal usage — it does not describe a listed private company. The correct term for a Spanish issuer under CNMV supervision is "entidad emisora" or "sociedad cotizada." Calling the planned Spain SOCIMI vehicle an "Entidad Pública" mischaracterizes it as a government entity. **Flagged, not resolved.** ## Regulatory change risk Each jurisdiction's securities, tax, and real estate regulatory framework can change after a