Library

• INREV submits comments to several EU and UK consultations
• Discussions of BEFIT, Unshelland Pillar II slowly progressing
• Spain: Residential Property Measures in Catalonia

• ESMA assesses the risks posed by the use of leverage in the fund sector
• EU Commission Call of Evidence -Revision of EU rules on sustainable finance disclosure
• Luxembourg: CSSF simplifies fund document approval process

• European Parliament State Aid Rules for affordable housing
• Omnibus I: the European Parliament and Council agree on the ‘Stop-the-clock’ mechanism
• United Kingdom: FCA and HMT Consultations on reviewing UK AIFMD rules

• Calculation of leverage for loan originating funds (LOFs)
• Omnibus I (Taxonomy, CSRD and CSDDD)
• The UK Unauthorised Co-ownership Alternative Investment Funds Regulations laid in Parliament

• Unshell Directive discussions hint at SPV carve-outs and softer compliance impact
• United Kingdom: Consultation on value and use cases for aUK green taxonomy
• France: Finance Act brings SLPS taxation in line with existing SLP regime

• Polish presidency takes over the Council of EU
• European Parliament establishes Affordable Housing Committee
• Platform for Sustainable Finance suggests product categories under SFDR

Download INREV’s position paper on the UK government and FCA consultation on the Future Regulations for AIFMs

INREV encouraged UK authorities to ensure that the regulatory framework for alternative investment fund managers is proportionate, supports cross-border alignment with the EU, and facilitates smoother market access for UK funds. We highlighted the need to preserve competitiveness, reduce barriers for small managers, and promote investor protection through pragmatic reforms.

INREV welcomes the European Commission’s review of the SFDR and recommends targeted reforms to improve its effectiveness for the real estate sector. Key proposals include clearer definitions, a fit-for-purpose product categorisation system – including transition strategies – and tailored guidance on data and disclosures to support sustainable investment.

INREV encourages stronger EU-level action to address regulatory fragmentation in the non-listed real estate sector. The response calls for harmonised, principles-based regulations, stronger supervisory coordination, and greater alignment with international regimes to boost efficiency, cut costs, and unlock investment across borders.