Noting an increase in inflows to financial products that invest in real estate – real estate investment companies (SCPI), real estate collective investment undertakings (OPCI), and unit-linked life insurance policies invested in real estate – the two supervisory authorities wish to remind distributors of the steps they must observe to properly market these products.
The year 2016 saw a record level of net inflows into real estate investment companies (SCPI), totalling €5.56 billion, while real estate collective investment undertakings (OPCI) marketed to retail investors pulled in €4.08 billion. These figures amount to increases of respectively 30% and 66.4% compared with 2015(1)
Noting this substantial increase, the ACPR and AMF wish to remind distributors of financial products that invest in real estate of the following rules:
About the AMF
The AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected, providing investors with adequate information and supervising the orderly operation of markets. Visit our website www.amf-france.org.
AMF Communication Directorate - Caroline Leau - Tél : +33 (0)1 53 45 60 39 ou +33 (0)1 53 45 60 28 1/1
ACPR Communication Departement - Dominique Poggi - Tél. : + 33 (0)1 49 95 42 59 ou + 33 (0)1 49 95 40 29
 Source: IEIF – Institut de l'Epargne Immobilière et Foncière.