Regulation and Governance

INTERNOS Global LLP was founded in 2008 with the objective of identifying, investing in and managing real estate opportunities throughout Europe for institutional investors.

INTERNOS’ philosophy is to have consistent processes, systems and controls across its entire business which are appropriate to manage risk effectively and satisfy the requirements of European regulators such as the FCA, BaFin, AMF or CSSF.

The Group has five regulated entities and is authorised as an Alternative Investment Fund Manager under the Alternative Investment Fund Managers Regulations 2013 in Germany, France and the United Kingdom.


INTERNOS GLOBAL INVESTORS LIMITED
INTERNOS Global Investors Limited is a limited company authorised and regulated by the Financial Conduct Authority in the United Kingdom to act as an Alternative Investment Fund Manager.


INTERNOS GLOBAL INVESTORS LIMITED
FCA registration number: 564971


INTERNOS Global Investors SAS (“IGI SAS”)
IGI SAS is authorised and regulated by the French Autorité des Marchés Financiers (AMF) to launch and manage the following vehicles:
• Fonds de Placement Immobilier (FPI),
• Société de Placement à Prépondérance Immobilière à Capital Variable (SPPICAV)
IGI SAS is also authorized as the Alternative Investment Fund Manager for INTERNOS Hotel Real Estate Fund II

AMF registration number: 89158


INTERNOS SPEZIALFONDSGESELLSCHAFT MBH
INTERNOS Spezialfondsgesellschaft mbH (formerly CRS) holds the following permissions:
• Management of real estate investment funds in accordance with § 230ff. KAGB;
• Management of special investment funds with fixed investment conditions in accordance with
§ 284 KAGB, if these only invest in the assets exclusively mentioned in § 231 instruments as well as derivatives if acquired for hedging purposes.
• Management of individual portfolios of real estate assets for third parties and the provision of related investment advice;
• Other activities that are directly related to the above services and ancillary services
ISG is authorised and regulated by the Federal Financial Supervisory Authority of Germany
BaFin registration number: 118556


INTERNOS GLOBAL INVESTORS KAPITALVERWALTUNGSGESELLSCHAFT MBH
IGI KVG was INTERNOS’s first KVG and holds the Hotel Fund. The current permissions comprise:
• Management of real estate investment funds in accordance with § 230ff. KAGB;
• Management of special investment funds with fixed investment conditions in accordance with § 284 KAGB, if these only invest in the assets exclusively mentioned in § 231 instruments as well as derivatives if acquired for hedging purposes.
• Management of individual portfolios of real estate assets for third parties and the provision of related investment advice;
• Other activities that are directly related to the above services and ancillary services
IGI KVG is authorised and regulated by the Federal Financial Supervisory Authority of Germany
BaFin registration number: 124996


INTERNOS S.À R.L.
In Luxembourg, INTERNOS S.à r.l. is authorised by, and subject to the control of, the authority supervising the Luxembourg Financial Sector, the Commission de Surveillance du Secteur Financier (“CSSF”) and by the Minister of Finance to act as a Professional of Financial Sector (“PFS”) to provide domiciliation services to third party clients
CSSF registration number: P00000737


INTERNOS Global Investors Pillar III disclosures are being updated and will be added shortly


Partnership Board
The INTERNOS Partnership board comprises of Richard Peskin (Chairman), Jos Short and Andrew Thornton (Founding Partners). The board meets quarterly to discuss key trends and conditions in our markets, our mandates, strategy and the business philosophy and sets the strategic priorities for the group which are then executed at the Management Board level.


Management Board
The INTERNOS Management Board, which includes the heads of each function, meets formally on a quarterly basis, under the Chairmanship of Andrew Thornton, to agree on the implementation of the Group strategy, manage risk and discuss all aspects of business operations. A detailed agenda and papers are circulated, minutes and action points are recorded and all important decisions affecting the day-to-day running of the business are taken.


Investment Committee
INTERNOS’ Investment Committees comprises INTERNOS’ senior investment professionals under the Chairmanship of Jos Short. The Committee makes decisions on acquisitions, disposals, major lettings and financings for our fund and asset management mandates and segregated account clients. The Committee meets weekly to receive investment proposals and detailed minutes are taken. Prior to the final sign off of an acquisition a further investment paper is circulated to the Investment Committee for approval, highlighting any items discovered during due diligence that the Committee should take into consideration.

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