Asset Management

European Long-Term Investment Funds (ELTIFs) regulation: European Commission proposal

By:
Colin Feely,
Julieanne Nolan
25 Jan 20221 min read
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The European Commission has published its proposal to revise the European Long-Term Investment Funds (ELTIFs) Regulation as part of the EU Capital Markets Union package.
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The review of the ELTIF regulatory framework seeks to accelerate the acceptance and improve the attractiveness of ELTIFs as a ‘go to’ fund structure for long-term investments.

The proposal is intended to include changes to the scope of eligible assets and investments, the portfolio composition and diversification requirements, the borrowing of cash and other fund rules. It also includes changes to the requirements pertaining to the authorisation, investment policies and operating conditions of ELTIFs.

There are currently 57 ELTIFs authorised in the European Union, with particular concentration in certain Member States and limited cross-border marketing within the European Union. As of October 2021, total assets under management are estimated at approximately €2.4 billion. The authorised ELTIFs are domiciled in Luxembourg, France, Italy and Spain.

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Authors
  • Colin Feely
    Colin Feely Colin’s experience covers a broad range of clients in various business sectors including construction, technology, education, retail, hospitality and manufacturing, as well as many service industries. View Profile
  • Julieanne Nolan
    Julieanne Nolan Julieanne specialises in a range of audit and assurance services to the financial services sector in particular the asset management sector. She delivers audit and assurance services to hedge funds (both Irish and offshore), ETFs, private equity funds, asset managers, banks and other investment vehicles including section 110 companies. View Profile