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Best Practice Modules
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GL03 —
| COMPLIANCE OBJECTIVE |
SELF-ASSESSMENT PROCESS |
DISCLOSURE | OVERSIGHT AND ASSURANCE |
| Module 1. Governance | |||
| Managers should evaluate the level of adoption of INREV best practices using the Governance INREV Assessment Tool. | Managers and investors should refer to and consider adopting INREV Governance best practices when designing and implementing an oversight framework for a specific vehicle. | Managers should describe in their annual report and vehicle documentation their governance practices and the degree to which they adopt INREV best practices. | Management and non-executive officers should review the adequacy of the description of the governance framework. |
| Module 3. Property valuation | |||
| Managers should follow the valuation best practices when determining the fair value of the property portfolio and prepare required disclosures to investors. | Managers should evaluate the level of adoption of INREV property valuation best practices. | Managers should describe their property valuation policies and the degree to which they have adopted INREV valuation best practices in their annual report and vehicle documentation. | Management and non-executive officers should review the basis and adequacy of disclosure to investors summarising the level of adoption with the property valuation best practices. |
| Module 7. Liquidity | |||
| Managers and investors should refer to and consider adopting INREV liquidity best practices when designing non-listed vehicle products. | Managers should evaluate, using the Liquidity Guidelines Assessment, the level of adoption of INREV liquidity best practices. | Managers should describe their liquidity policies and the degree to which they have adopted INREV best practices in their annual report and vehicle documentation. | Management and non-executive officers should review the basis and adequacy of disclosure to investors summarising the level of adoption with the liquidity best practices. |
| Module 9. Code of Tax Conduct | |||
| Managers should evaluate their level of adoption of Code of Tax Conduct best practices when examining their own tax policies and practices. | Managers and investors should refer to and consider adopting Code of Tax Conduct best practices when designing and implementing an oversight framework for a specific vehicle. | Managers should describe in their annual report and vehicle documentation their practices referred to in the Code of Tax Conduct and the degree to which they adopt INREV best practices. | Management and non-executive officers should review the adequacy of the description of the Code of Tax Conduct framework. |
| Module 10. Sustainability | |||
| Managers should evaluate the level of adoption of INREV best practices using the Sustainability INREV Assessment Tool. | Managers and investors should refer to and consider adopting INREV Sustainability best practices when designing and implementing an oversight framework for a specific vehicle. | Managers should describe in their annual report and vehicle documentation their sustainability practices and the degree to which they adopt INREV best practices. | Management and non-executive officers should review the adequacy of the description of the sustainability framework. |
Open end / Closed end / Separate Account / Joint Venture / Club Deal / Debt Funds
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