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On 1 June, INREV submitted its response to HMT and HMRC consultation on Reserved Investor Fund (RIF). We urged priority being given to deliverables including the government assessing the Consultation responses and issuing a formal response. We also asked for more clarity as to when RIFs can be launched.

Matt Huggett and Emma Danforth, partners at Allen & Overy in London, presented considerations related to the extension or roll-over of closed-ended real estate funds and creation of continuation funds for existing portfolios or assets.

On 12 May, INREV filed its response to the FCA Discussion Paper 23/2 on updating and improving the UK regime for asset management.  

INREV and other industry associations proposed principles and real estate specific metrics aiming to facilitate consistency of disclosures across the EU and UK as well as internationally. Title: ESG metrics for real estate proposal under SDR regime.

INREV with other real estate associations produced a focused response to the FCA’s Discussion paper 23/1 finance for positive sustainable change: governance, incentives and competence in regulated firms

Download INREV’s latest snapshot on Energy Performance of Buildings Directive to learn more about this important topic.

Updated Country-by-Country Guide 

Lilian Palliser, Senior Tax Associate at PwC in Amsterdam presented an overview of the most significant changes in the Country-by-Country Tax and Regulations Guide.
 

On 23 March, INREV together with other industry associations submitted a joint statement to the UK HM Treasury on Solvency II matching adjustment reform. The industry welcomed the government’s objectives to support insurance firms in supplying long-term capital to underpin growth and asked for further clarifications around the applicability of the changes to the real estate sector.

Read INREV’s report focused on how the real estate investment has contributed to vital, liveable cities of the future.

Francisco Da Cunha, Partner, Real Estate Tax Leader and Benoit Sauvage, Director, RegWatch, Risk Advisory at Deloitte Tax & Consulting in Luxembourg presented the most recent ELTIF updates and how they might affect the non-listed real estate investment industry.