A high level summary of what's being discussed in recent committee meetings:
- The Reserved Investor Fund.
- Engagement with Government on productive finance.
- Sustainability and climate related disclosures for real estate - FCA SDR and anti-greenwashing guidance and rules and the review of SFDR.
- UK Solvency II - Lobbying with other associations for the inclusion of real estate within a broadened set of matching adjustment eligibility criteria.
- Transition Plan Taskforce - Asset Managers Sector Guidance
Short Term Objectives
Reserved Investor Fund
Support and assist with the implementation of the Reserved Investor Fund.
Monitor regulatory and legislative changes within the UK that are of importance to AREF members.
Assist with and oversee the preparation of responses to consultations when it has been deemed appropriate for AREF to respond. This maybe in partnership with other committees and working groups and other industry bodies. Current key themes of interest include:
- UK AIFMD – Liability of external valuers
- Liquidity
- Productive Finance
- UK Solvency II
- Sustainability and climate-related finance disclosures
- UK Funds Regime Review
Lobbying for appropriate ESG metrics for real estate
Lobbying with other real estate associations to ensure real estate ESG metrics are aligned with TCFD and other internationally-recognised standards.
Monitor regulatory and legislative changes within the European Union and other jurisdictions that may affect AREF members.
Occasionally, this may require a response to a consultation from AREF or in conjunction with real estate associations in other jurisdictions. The key themes currently being monitored include:
- EU - AIFMD Review
- EU – ELTIF Review
- Cross-border marketing and management of AIFs and UCITS
- Climate and sustainability related disclosures
Long Term Objectives
Work closer with The IA – In particular, the IA’s Government Affairs team.
Build on relationships with other real estate associations to strengthen AREF’s lobbying power.
Next meeting: May/June 2024
View more on the committee here.
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