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An update on the European Commission’s Market Integration and Supervision Package (MISP) proposal by Emily Harmsworth, Counsel, Silke Bernard, Partner, and Rahul Manvatkar, Partner, from Investment Funds Linklaters London and Luxembourg offices. The briefing provided an overview of the key elements of the proposal and its potential implications for the non-listed real estate investment industry, including supervisory integration, reporting and cross-border market considerations.

INREV supports a proportionate and risk-based AML framework that reflects the actual risk profile of institutional real estate investment structures, avoids duplicative compliance obligations, and recognises that structural complexity does not necessarily indicate elevated AML/CFT risk.

INREV supports the objective of improving clarity, consistency and proportionality, but argued that further targeted adjustments are needed to better reflect the operational realities of real estate investment.

Download the Position Paper on the Review of the EU taxonomy climate delegated act

The INREV German Vehicles Annual Index covers the performance of non-listed real estate vehicles domiciled in Germany on an annual basis.