On Friday 19 July, the European Commission formally adopted its Delegated Regulation supplementing the ELTIF Regulation. This text will now be subject to a 3-month scrutiny period by the co-legislators before entering into force.

EFAMA congratulates the Commission on a very robust set of Level 2 rules which will support the revised ELTIF rulebook.

There is no doubt that the changes to the ELTIF rulebook have been a success. Since the decision was made to update the ELTIF regime in 2021, we have seen remarkable changes in the market in only 3 years:

• The number of ELTIFs has increased from 57 to more than 120
• The AuM of ELTIFs have increased from €2.7bn to more than €13.6bn
• New domiciles have begun hosting ELTIFs
• At least 8 new asset managers have launched their own ELTIFs

We expect even more significant developments in this market once the Level 2 rules enter into application, which we expect to be by the end of this year. For further information on the ELTIF 2.0, please consult our FAQ.