Reserved Investor Fund
Find out more about the UK-based unauthorised contractual scheme, the Reserved Investor Fund, here.
Sustainable finance and climate change disclosures
Read more about the policy work being undertaken by governments, regulators & standard setting bodies in relation to sustainable finance and climate-related disclosures. See AREF's responses to current UK consultations.
ESG Ratings and Data Providers
Click here for details about the work by regulators and governments on ensuring good governance by ESG ratings and data products providers.
Public Policy Committee - Update
The Committee is monitoring proposed changes to a wide range of regulations and legislation that affect AREF members. Also, they are actively lobbying policy makers in the UK and internationally. Click for more info.
FRC - UK Stewardship Code
The Financial Reporting Council have published the UK Stewardship Code 2026 and are consulting on guidance.
Open End Vehicle Pricing Guidance
The Open End Fund Pricing Project is an industry-wide project conducted in collaboration with INREV. View the latest updates with the project.
Liquidity Management
View a summary on the policy work being undertaken by regulators and governments on funds' liquidity management.
Long-Term Asset Fund (LTAF)
Click here to learn more about regulation and guidance in relation to the Long-Term Asset Fund (LTAF) and read about AREF's event looking at the future of the LTAF. The model LTAF Instrument of Incorporation and model LTAF Co-Ownership Deed for ACS can be found here too.
Enabling DC pension schemes to invest in illiquid assets
Find out more here about the Government's work to enable DC pension schemes to invest in illiquid assets. Also, there are links to guidance from TPR and cases studies from PLSA which supports this and AREF's own lobbying to the Government on this matter.
European Long-Term Investment Fund (ELTIF)
Find out more about ELTIF 2.0 here
AIFMD
View AREF's work on this topic...
Review of the UK Funds Regime
Find out more about the review of the UK Funds Regime by the Government and the FCA.
Cost Transparency Initiative
View materials on the Cost Transparency Initiative (CTI)