Monthly call on current topics
INREV's public affairs team represents our members' interests and raises awareness with European policy makers in new and prospective regulatory and policy initiatives.
INREV’s Brussels-based public affairs team increases European policy makers' awareness of the importance of our industry. It represents our members’ interests in new and prospective regulatory and policy initiatives and keeps members informed about how these initiatives impact non-listed real estate investment. The team also plays a leading role in aligning industry associations through the European Real Estate Forum.
Alternative Investment Fund Managers Directive (AIFMD) is being created to harmonise rules for the management and marketing of Alternate Investment Funds. INREV generally supports its principles and objectives and has constructively engaged with the European Securities Markets Authority in developing its advice to the European Commission.
Solvency II is a directive of the European Commission to create a framework to harmonise the capital adequacy requirements of European insurance companies. INREV works to ensure that the data used to devise the proposed standard capital requirement for real estate reflects the actual volatility of European real estate.
The OECD BEPS (Base Erosion and Profit Shifting) initiative focuses on international businesses paying their fair share of tax, including issues such as use of interest write offs (Action 4), tax treaty abuse (Action 6) and other tax management/avoidance techniques. INREV has been working to ensure that the OECD’s initial proposals do not unfairly impact non-listed real estate investment funds
In response to the 23 June 2016 referendum on the UK’s membership of the European Union, INREV has created a Brexit Focus Group and released both INREV and Industry statements of guiding principles urging policy makers to avoid barriers and maintain market access.