Publications and Snapshots
INREV position paper on AIFMD ancillary services
Published on 12 Jan 2023
On 12 January, INREV sent its position on AIFMD Review regarding ancillary services to the European Parliament’s ECON Committee.
Cross-border marketing rules – “mind the gaps” Briefing
Published on 28 Jun 2022
Emily Harmsworth, Counsel at Linklaters LLP in London and Claire Prospert, Partner in the firm’s Luxembourg team, presented on the Cross-border marketing package and ESMA’s Marketing Communications Guidelines
Snapshot: AIFMD and EU rules of Alternative Investment Fund Managers review
Published on 26 Apr 2022
Download the latest snapshot on AIFMD Review legislative proposal.
Snapshot: European long term investment funds (ELTIF) review
Published on 26 Apr 2022
Download the latest snapshot on ELTIF review legislative proposal.
INREV responds to review of EU rules on Long-term investment funds
Published on 29 Mar 2022
On 24 March, INREV responded to the review of ELTIF. We argued that the current rules should be neither diluted nor augmented without considering the potential impact on managing non-listed real estate funds.
INREV responds to review of EU rules on alternative investment fund managers
Published on 29 Mar 2022
On 24 March, INREV responded to the review of AIFMD rules in which we gave emphasis to delegation and loan originating non-listed real estate funds.
Making sense out of the new fund marketing landscape Briefing
Published on 30 Sep 2021
Claire Prospert from Linklaters’ Luxembourg office and Richard Cole from the firm’s London office present on navigating the practical challenges of cross-border distribution of real estate funds under EU Cross-Border Distribution rules and evolving NPPR and MiFID practices.
Cross-Border Marketing Developments Briefing
Published on 23 Feb 2021
Richard Cole from Linklaters’ London office and Claire Prospert from the firm’s Luxembourg office present on the cross-border distribution of collective investment undertakings directive and regulation (CBDF) which apply from 2 August, and also discuss post-Brexit distribution options.
INREV Response: AIFMD Review Consultation
Published on 02 Feb 2021
On 28 January, INREV filed a response to the AIFMD Review Consultation arguing that real improvement could be achieved through Level 2 or Level 3 measures, without opening up Level 1 for revision.
INREV responses to ELTIF and AIFMD Reviews Briefing
Published on 28 Jan 2021
Jeff Rupp, INREV Public Affairs Director, presented on the recent INREV responses to European Commission consultations on AIFMD and ELTIF.
INREV Responds to ELTIF Review Consultation
Published on 19 Jan 2021
On 18 January, INREV filed a response to the review of the European Long-Term Investment Funds (ELTIF). We argued that, with some adjustments, ELTIF could serve as an attractive fund product forretail investors.
Marketing non-listed real estate funds post Brexit 2020
Published on 24 Nov 2020
On 31 December 2020 the UK will leave the EU. This snapshot analyses Brexit’s potential impact on UK and on EU and other EEA managers wanting to market non-listed real estate funds after Brexit.
AIFMD Review Consultation Briefing
Published on 19 Nov 2020
Jeff Rupp, INREV Public Affairs Director, presented on the recently launched European Commission consultation on AIFMD.
AIFMD Review Consultation Document 2020
Published on 27 Oct 2020
On 23 October, the European Commission launched a public consultation on the review of AIFMD. The Commission seeks feedback on issues including the AIFM passport, the scope of the AIFM licence, investor protection, non-EU alternative investment funds, financial stability, etc.
INREV response to ESMA consultation on AIFMD Article 25 Guidelines on assessment of leverage in funds
Published on 31 Aug 2020
On 28 August, INREV filed a response to ESMA consultation on AIFMD Article 25 Guidelines on assessment of leverage in funds. We support the use of consistent methodology to compute leverage across member states to collect data to identify potential sources of risk to financial stability.
AIFMD Fundamentals Briefing
Published on 25 Jul 2019
Federica Miano, Public Affairs Manager at INREV, presents an overview of the basic requirements of AIFMD for real estate investment funds.
INREV files response to AIFMD marketing consultation
Published on 30 Jun 2020
On 26 June, INREV filed a response to the ESMA consultation on AIFMD Marketing. We recommended information related to cross-border distribution of AIFs that authorities in EU member states should be required to make available on their websites.
AIFMD Level I and II consolidated text
Published on 22 Mar 2019
A consolidated text of AIFMD Level I and II prepared by Allen & Overy with information about recent developments in areas such depositaries, securitisation and cross-border marketing is now available for downloading.
INREV Response - European Commission's survey on AIFMD
Published on 19 Mar 2018
INREV's response to the European Commission’s survey on AIFMD being carried out by KPMG. The response reflects the Commission's proposed directive issued last week that includes, inter alia, a definition of pre-marketing that INREV has been encouraging for some time. It is also closely aligned with RICS views on the issue of external valuer liability.
INREV replies to Commission consultation on barriers to cross-border distribution of investment funds
Published on 04 Oct 2016
On 30 September 2016 INREV filed comments in response to a Commission consultation on barriers to fund distribution. The response noted that while real estate makes a vitally important contribution to economic stimulation, growth and job creation in Europe, certain regulatory barriers act as impediments and create inefficiencies. The Commission was urged to take steps to address these barriers without delay.