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ESMA Consultation on the ELTIF Regulation

10 August 2015

The Regulation on European Long-term Investment Funds (ELTIFs) will apply across the EU from 9 December 2015. In preparation for the implementation of the ELTIF Regulation, ESMA was mandated to draft various regulatory technical standards (RTS). On 31 July ESMA published a consultation paper outlining its proposals in relation to these RTS covering:

  • The use of derivatives solely for hedging risks
  • Sufficient length of life of the ELTIF
  • Criteria for the assessment of the market for potential buyers
  • Criteria for the valuation of the assets to be divested
  • Common definitions, calculation methodologies and presentation formats of costs
  • Specifications on the facilities available to retail investors

Responses to the consultation are requested by 14 October 2015 and Irish Funds is preparing a response. If you would like to contribute to the Irish Funds response please contact Patrick Rooney at patrick.rooney@irishfunds.ie

Publications

ESMA consultation on the ELTIF Regulation - July 2015pdfView
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