It’s been just three years since INREV first ventured into the public affairs arena. Our first order of business was pulling together a team faced with the challenge of responding to multiple regulatory initiatives such as EMIR, Solvency II and AIFMD, while we launched efforts to find office space in Brussels so the public affairs team could be in closer contact with European policy makers. Read more
After more than a decade of consultations, multiple impact assessments and intensive negotiations that led to significant changes and delays, European policy makers finally reached agreement on Solvency II in mid-November. Read more
After years of roundtables, public consultations, proposed guidelines and draft implementing measures that INREV and the Public Affairs Committee extensively participated in, reviewed and commented on, the Alternative Investment Fund Managers Directive(AIFMD) finally came into effect this summer. From one day to the next, non-listed real estate became a largely regulated industry. Read more
Attention rarely stays fixed on a single issue for very long in Brussels. The AIFM Directive seem to have lost a sense of urgency as attention now shifts to national regulators and the future course of Solvency II remains a puzzle for both the real estate funds industry and for the policy makers developing the rules. In meantime, though, another topic has been pushed to the forefront. Read more
The Public Affairs team in Brussels has been involved in a number of regulatory developments in the past months. Regulations such as Solvency II, IORP II and the AIFM Directive continue to take shape, potentially affecting both investors and fund managers. Other topics, such as the long-term financing debate and Shadow Banking, will undoubtedly also play an increasingly prominent role over the coming months. Read more
With the capital requirement for property set at 25%, INREV’s focus for its Solvency II work has shifted towards supporting the implementation of internal models. Read more
