AREF News

The Law Commission are reviewing Part 2 of the Landlord and Tenant Act 1954 with a view to modernise commercial leasehold legislation. They have published their first consultation which considers the right to renew business tenancies. More details can be found here.

In December 2023, ICMA and IRSG launched their voluntary Code of Conduct for ESG Ratings and Data Products Providers. More details can be found here about the work by regulators and governments on ensuring good governance by ESG ratings and data products providers.

The UK Government are undertaking a Pensions Investment Review focusing on DC workplace schemes and Local Government Pension Schemes. They have published an interim report in November 2024 alongside two consultations.

HM Treasury are gathering views on the value case for a UK Green Taxonomy until 6 February 2025. More details can be found here.

The Financial Reporting Council have launched a consultation on significant updates to the UK Stewardship Code. Find out more about the consultation and the UK Stewardship Code here.

IOSCO have published a consultation on revised Recommendations for Liquidity Risk Management for Collective Investment Schemes, especially for open-ended funds. Alongside this, they are consulting on Guidance for Open-ended Funds for Effective Implementation of the Recommendations for Liquidity Risk Management. AREF will be responding to these consultations.

View the updates on this topic.

Find out more here about the work by the UK Government, FCA and TPR on a Value for Money Framework for DC pension schemes.

On 14 October 2024, the Department for Business and Trade published a Green Paper on the Government's Industrial Strategy for the next 10 years. AREF welcomes members' contribution to their response.

Click here to learn more about regulation and guidance in relation to the Long-Term Asset Fund (LTAF) and to download a model LTAF Instrument of Incorporation and a model LTAF Co-Ownership Deed for ACS

ESMA are seeking input on draft guidelines and technical standards for liquidity management tools under the revised AIFMD and UCITS Directive.

TNFD has been consulting on Draft sector guidance - Engineering, construction and real estate.  More details can be found here.

Click here to see the RICS guide for clients and valuers on Valuations for real estate investment entities

Find out more here about the FCA's Sustainability Disclosure Requirements (SDR) and investment labels regime.

Find out more about the policy work being undertaken by governments, regulators and standard setting bodies in relation to sustainable finance and climate-related disclosures.