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INREV supports practical, internationally applicable guidance that mobilises capital towards credible transition activities without unnecessary complexity or duplication. The response emphasises interoperability with existing frameworks, proportional application across real asset classes, and guidance that enables effective capital allocation to real estate transition activities.

INREV supports the FCA's shift towards a more flexible, outcome-based client categorisation and conflicts framework that reduces rigidity, supports informed choice, and promotes proportionate access to professional investment products.

INREV broadly supports the smart meter rollout policy but argues it fails to address a key structural barrier: landlords' lack of access to tenant energy data. Without mandatory data sharing, the policy risks falling short of its decarbonisation objectives, and INREV calls for supplier licence conditions and a more outcome-focused framework to enable real impact.

INREV’s response sets key concerns around the practical application of DAC, highlighting disproportionate compliance burdens, divergent national implementation and the need for simplification to preserve tax neutrality and legal certainty for cross-border real estate investment funds.

INREV calls for a simpler, more harmonised and proportionate EU tax framework that preserves the tax neutrality of investment funds, reduces administrative burden and legal uncertainty, and better supports cross-border real estate investment.

INREV welcomed the overall direction of the SFDR 2 review while stressing the need to better reflect the specific characteristics of real estate investment. It supports key improvements but calls for further clarification on product categories, KPIs and definitions, greater flexibility, and clear implementation timelines to ensure workable application in private markets.

Responses to European Commission Calls for evidence on Savings and Investments Union – Regulation and Rules fostering EU market integration and efficient supervision
INREV filed responses supporting measures that strengthen EU capital market integration and supervisory convergence, particularly by removing national barriers to cross-border fundraising and ensuring proportionate, consistent application of the AIFMD framework.

Response to the targeted consultation on the EU venture and growth capital funds reform
INREV’s response identifies that key issues, notably threshold-driven cliff-edge effects and disproportionate compliance burdens, extend beyond venture capital and require a more flexible, tiered and proportionate AIFMD framework that also reflects the realities of the real estate fund industry. 

Download the Position Paper on the EU Venture and Growth Capital Funds Reform

Download the Position Paper on the SFDR 2 proposal

Download the Position Paper on Savings and Investments Union Fostering integration, scale and efficient supervision in the single market