AREF News

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

View the updates on this topic.

RICS are consulting on updating the RICS Red Book Global Standards. More details can be found here.

In May 2024 the European Commission published its Summary Report of the Open and Targeted Consultations on the SFDR assessment. This was followed by the ESAs Joint Opinion on the assessment of SFDR. More details can be found here.

Find out more here about the FCA's Sustainability Disclosure Requirements (SDR) and investment labels regime. AREF recently responded to the FCA's consultation (CP24/8) proposing to extend the SDR and investment labels regime to portfolio management services.

In early June 2024 the PRA published its policy statement on its reforms to the Matching Adjustment. More details can be found by clicking here.

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.

Members of the European Real Estate Forum, including AREF, have set out in a paper their recommendations for the next EU mandate in relation to real estate.

Legislation for an unauthorised co-ownership contractual scheme, the Reserved Investor Fund (RIF), was included in the Finance Act (No.2) 2024. Click here to see AREF's response to the Government's consultation on tax rules for the RIF which it is hoped will be implemented in secondary legislation in the summer of 2024.

HM Treasury and the FCA have published a roadmap on implementing the Overseas Funds Regime. More details can be found here.

This month we welcome two new committee members

The IA's Market Practice Paper on Real Estate Transactions & AML Practice can be found here.

The FCA have published guidance on their anti-greenwashing rule. More details can be found here.

Find out more about the review of the ELTIF regulations here