17 Dec 2020

AREF is currently working on a response to the EU consultation on changes to the Alternative Investment Fund Managers Directive. You can find details on the consultation and what AREF is doing to respond here.

Along with other industry bodies, the broad approach to the response is to suggest that the existing "level 1” regulation, in the form of the Directive itself, is not changed but that areas of uncertainty can be dealt with through changes to the "level 2” regulation and clearer guidance. Earlier this week, AREF held a roundtable event to obtain member feedback, details here

If you were not able to join the roundtable, but would like to provide feedback, please email us on info@aref.org.uk.

In order to gather AREF members’ views on a few of the questions in the consultation, we are conducting our own survey. We would greatly appreciate it if you could find time to fill out the survey by 6th January 2021.

Please click here to complete the survey.



John Forbes

John Forbes

Independent Consultant, John Forbes Consulting

John Forbes is an independent consultant advising real estate investment managers, investors and others in the real estate industry in the rapidly changing areas of product development, governance and regulatory matters for real estate funds.  He has advised on the restructuring of high profile open and closed-ended real estate funds in the UK and elsewhere in Europe, as well as the establishment of new funds. He has advised service providers to the real estate investment management industry on the strategic implications of regulatory and other changes.  Prior to setting up John Forbes Consulting LLP in 2013, he spent over twenty-five years with PwC, where he led the firm's Real Estate Industry Practice in Europe, the Middle-East and Africa across all of the firm's services to the real estate industry.

 John is the chairman of the Independent Supervisory Board of the UBS Triton Property Fund, independent chair of the Urban Splash Residential Fund and non executive chairman of Ginkgo Advisor UK Limited.