Tuesday May 30 2023

News Source: Fund Regulation

Focus: European Long Term Investment Funds

Type: General

Country: European Union




The European Securities and Markets Authority (ESMA) publishes consultation paper on draft regulatory technical standards (RTS) under the revised ELTIF Regulation. Interested stakeholders are invited to provide input by 24 August 2023.

The RTS will specify the way the new requirements of the revised ELTIF regulation, on the redemption policy and matching mechanism, will apply.

In the consultation paper ESMA is seeking stakeholders’ views on:

  • the circumstances in which the life of a European long-term investment fund (ELTIF) is considered compatible with the life-cycles of each of the individual assets, as well as different features of the redemption policy of the ELTIF;
  • the circumstances for the use of the matching mechanism, the possibility of full or partial matching (before the end of the life of the ELTIF) of transfer requests of units or shares of the ELTIF by exiting ELTIF investors with transfer requests by potential investors;
  • the costs disclosure.

Click on the above link for further information.