The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Launch of new Code of Practice for UK unlisted funds sector

The Association of Real Estate Funds announced on March 20 the launch of the 2007 Aref Code of Practice to govern the £40 billion, in 60 funds, that its members manage. The code was officially launched to its members on March 22.

The new code was introduced to reflect changes in the regulation and accounting practice and to reflect Aref’s increasingly wide membership base. The code provides investors with a level of disclosure across key areas that are comparable with their publicly quoted counterparts. The aim of the code is to ensure that real estate funds, their decisions, their investors and fund managers are provided with transparency, consistency and comparability between funds, accountability, standards of best practice and consistent disclosure across funds. Although Aref membership is voluntary, more and more large public and corporate bodies require funds to be members before they are considered as an investment opportunity.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree