A high level summary of what's being discussed in recent committee meetings:
- The Committee is liaising with the Retail Funds Committee on the implications of the FCA Policy Statement on illiquid assets and open-ended funds (PS19/24).
- The Committee is overseeing the work of the AREF Brexit Working Group to secure the best possible outcome and environment in which our industry can continue to thrive.
- The Committee is being kept up to date on the proposal for a Professional Investor Fund.
- The Committee is looking at the work of the Bank of England Commercial Property Forum.
- In January, the Committee responded to the EIOPA's Consultation on Solvency II.
Short Term Objectives
- Open-ended funds and illiquid assets
Liaise with AREF Retail Funds Committee on the implications of the FCA Policy Statement on illiquid assets and open-ended funds (PS19/24) and the possible need for a new dealing model for authorised property funds.
- UK Professional Investor Fund
Support and assist with the proposal for a UK Professional Investor Fund in conjunction with The IA.
Oversee the work of the AREF Brexit Working Group to secure the best possible outcome and environment in which our industry can continue to thrive.
- AIFMD 2
Monitor the progress of AIFMD 2 and respond to any reports or consultations where necessary.
- Respond to consultation papers published by the FCA, Government or other similar bodies that are of importance to AREF member, except ones in relation to taxation.
This could be in the form of a response from just AREF or in partnership with other industry bodies such as The IA. Where appropriate, liaise with the AREF Tax Committee, to ensure responses do not have any tax implications.
- Independent representatives on fund boards
Monitor the FCA requirements for independent representatives on authorised fund boards and explore the extension of independent representation with other fund boards.
Long Term Objectives
- Build on and maintain relationships with:
- Other industry bodies such as RICS
- Other AREF Committees such as AREF ESG & Impact Investing, Retail Funds and AREF Tax Committees.
- Work closer with The IA – In particular The IA’s Government Affairs team.
Next meeting: 24th June 2020
View more on the committee here.