The European Parliament has approved the proposed amendments to the ELTIF Regulation, which will come into force in 2024.
Amendments can be found at the following link: Texts adopted - Amendments to the European Long-Term Investment Funds (ELTIFs) Regulation - Wednesday, 15 February 2023 (europa.eu).
The new ELTIF Regulation will bring many new attractive possibilities for this investment product, such as:
- Clarification and simplification of the scope of eligible assets and investments, the portfolio composition and diversification requirements
- Better alignment of ELTIF with general AIFMD framework e.g. borrowing, lending, sustainable finance
- Recognition of new ‘semi-open ELTIF’ vehicles, i.e. implementing a differentiated application of the ELTIF rules depending on the possibility for the ELTIF to be marketed to retail investors or not, while ensuring strong investor protection.
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