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Download INREV’s position paper on Sovereign Immunity reform

On 10 November, INREV submitted its response to the Central Bank of Ireland on macroprudential policy for investment funds consultation in which we underlined the potential inconsistency with new measures related to fund liquidity management introduced by the EU, among others.

Michael O’Shea, Senior Public Policy Manager EMEA at Invesco presented the potential impacts of recent FSB and IOSCO proposals for open-end funds on real estate investment.

INREV updated the list of ESG-related regulations in EU and UK. 

Jelle Bas Boon (Tax Partner) and Maartje Vaandrager (Tax Manager) of Deloitte in Amsterdam, presented on recently announced Dutch tax rules that impact the qualification of real estate investment funds and partnerships.

Note: The situation described on slide 21 of the presentation would not arise if an amendment to the legislation proposed after the presentation is adopted. The proposal would delay the conditional withholding tax on dividends for hybrid partnerships until 01.01.2025 (i.e. the date on which partnerships would generally become tax transparent by default), unless these partnerships would be located in low-taxing or blacklisted jurisdictions

Heike Schmitz, Partner at Herbert Smith Freehills presented how policymakers’ evolving pragmatic approach is creating opportunities for real estate transition funds with carbon reduction strategies to disclose under SFDR Article 9.

On 3 July, INREV filed its response to the joint ESAs consultation on SFDR Delegated Regulation urging the ESAs to recommend the adoption of sector-specific environmental and social metrics for real estate.