EFAMA firmly supports the Commission’s proposed amend of the ELTIF Regulation, in line with its recently revamped “new” CMU.
European Long-Term Investment Fund (ELTIF)
The European Long-Term Investment Fund (ELTIF) is an investment vehicle designed for investors who want to make long-term investments into companies and projects. The current ELTIF regime allows all types of investors to invest long-term in European non-listed companies and in long-term assets such as real estate and infrastructure projects. Asset managers have a primary role to play in maximising the pooling and diversification of capital and managing collective investment schemes.
EFAMA believes that the current ELTIF Regulation needs to be amended, to fully unlock its potential and become a product of choice for investors. We advocate for an “evergreen” product with the recalibration of the regulation’s asset eligibility requirements, minimum investment amounts and the establishment of adequate tax incentives.
Related policy positions
Policy position
EU Fund regulation
ELTIF
26 January 2021
EFAMA's response to the EC's public consultation on the review of ELTIF Regulatory Framework
Policy position
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EFAMA’s comments on ESMA’s CP on Draft regulatory technical standards under Article 25 of ELTIF Regulation
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PRIIPs
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UCITS
Management Companies
AIFMD
21 March 2016
EFAMA response to Green Paper on Retail Financial Services
EFAMA welcomes the opportunity to respond to the European Commission’s Green Paper on retail financial services. Widening the opportunities for European citizens to save and invest will facilitate better outcomes both for savers and the wider European economy.
EFAMA fully shares the goals of a Single Market for retail financial services in the EU, i.e.:
1. Promoting an EU-wide market in retail financial services that can facilitate cross-border business and consumer choice.
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Capital Markets Union
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EU Fund regulation
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IMF 2021: Thought-provoking discussions and insightful presentations
This year’s Investment Management Forum featured an incredible number of high-level speakers and thought-provoking discussions.
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Press Release
EU Fund regulation
ELTIF
25 November 2021
The revised ELTIF – a long-term opportunity for European investors
EFAMA firmly supports the European Commission’s proposal to revise the European Long-Term Investment Fund (ELTIF) Regulation. The revised framework has the potential to transform ELTIF into a product of choice for European investors and to become a cornerstone of the Capital Markets Union.
Press Release
EU Fund regulation
ELTIF
26 January 2021
Transforming ELTIFs into a product of choice for investors
The European Fund and Asset Management Association (EFAMA) today shared its recommendations to the European Commission on measures to be taken to improve the European Long-Term Investment Fund (ELTIF) regime.
Related publications
Publication
ELTIF
18 January 2024
Infographic | ELTIF
The European long-term investment fund (ELTIF) is a regulated pan-European label for alternative
investment funds (AIFs). ELTIFs may invest in a variety of assets and may be marketed to retail
and professional investors under the harmonised passporting regime of the ELTIF Regulation.
ELTIFs are regulated by the ELTIF Regulation (EU) 2023/606 amending (EU) 2015/760 on
European long-term investment funds. The ELTIF Regulation is applicable as of 10 January 2024.
Publication
ELTIF
18 January 2024
FAQ: ELTIF Regulation 2.0
The new European Long-Term Investment Fund (ELTIF) Regulation became applicable on 10 January 2024. Going forward, fund managers will have greater flexibility to make ELTIFs more attractive to end investors, particularly on the retail side, unlocking their potential as a source of financing for the European real economy. To support the success of ‘ELTIF 2.0’, EFAMA and Arendt have published a ‘Frequently Asked Questions’ brochure, which covers the most burning questions asset managers may have regarding the new regime.
Publication
ELTIF
31 January 2023
ELTIF 2.0 - European Long-Term Investment Funds
In the 9th issue of our “3 Questions 2” (3Q2) series, we spoke with Stuart Corrigall, Chair of the EFAMA Fund Regulation Standing Committee and Managing Director at BlackRock, on ELTIF 2.0.
He answers the following questions:
1: What is an ELTIF, and why did the current ELTIF regime need to be revised?
2: What are the major changes the review process introduced?
3: In light of those changes, is ELTIF 2.0 going to be successful?
