Public Policy Resource Library

Find out more about the policy work being undertaken by governments, regulators and standard setting bodies in relation to sustainable finance and climate-related disclosures.

In the Spring Budget 2024, the Government published its response to the consultation on the proposed introduction of an unauthorised co-ownership contractual scheme, the Reserved Investor Fund (RIF). AREF is delighted that the Government will begin to legislate for the RIF in the Spring 2024 Finance Bill. The Government is planning to engage further with stakeholders on the policy design for the RIF, particularly the tax rules.

Find out more about the review of the ELTIF regulations here

The Committee is monitoring proposed changes to a wide range of regulations and legislation that affect AREF members. Also, they are actively lobbying policy makers in the UK and internationally. Click for more info.

Find out more here about the Government's work to enable DC pension schemes to invest in illiquid assets. Also, there are links to guidance from TPR and cases studies from PLSA which supports this and AREF's own lobbying to the Government on this matter.

Read the latest on reforms to UK Solvency II and the lobbying being undertaken by AREF.

In December 2023, ICMA and IRSG launched their voluntary Code of Conduct for ESG Ratings and Data Products Providers. More details can be found here about the work by regulators and governments on ensuring good governance by ESG ratings and data products providers.

The FCA have confirmed that they will not be taking forward their proposal to exclude FSCS cover for regulated activities relating to LTAFs at this time. Click here for more details about this and the Long-Term Asset Fund (LTAF) in general.

Find out more about the review of the UK Funds Regime by the Government and the FCA.

View the update on this topic.

View the update on this topic.

The Productive Finance Working Group was convened by HM Treasury, the Bank of England and the FCA to develop practical solutions to the barriers to investment in long-term, less liquid assets. Click for more information on what they have been working on.

The Open End Fund Pricing Project is an industry-wide project conducted in collaboration with INREV. View the latest updates with the project.

The FCA have published their Consumer Duty rules. This is the first of 5 milestones to prepare for the new rules to take effect.

View materials on the Cost Transparency Initiative (CTI)