The ELTIF 2.0 Regulation, amending current ELTIF Regulation (EU) 2015/760, was published in the EU’s Official Journal on 20 March 2023 (ELTIF 2). Please see L_2023080EN.01000101.xml (europa.eu).
ELTIF 2 will enter into force on 9 April 2023 and will apply from 10 January 2024.
ELTIFs, which are currently authorized must comply with the ELTIF 2 regime by 11 January 2029, unless they are not raising additional capital.
New ELTIFs authorized before 10 January 2024 may choose to be established under the ELTIF 2 regime.
The ELTIF 2 regime brings new attractive possibilities for this investment product, such as:
- Clarified and simplified scope of eligible assets and investments, portfolio composition and diversification requirements;
- Better alignment with other applicable regulations; and
- Dual regime with varying levels of restrictions and constraints depending on the qualification of the targeted investors.
Please contact us for additional information on the topic.