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The European long-term investment fund (Eltif) regulatory technical standards published in July 2024 are now final. The European Commission Delegated Regulation was published in the Official Journal of the EU on 25 October and will enter into force on 26 October 2024.
The ELTIF 2.0 RTS address most pain points raised by the industry, in particular, with respect to liquidity management tools and redemption mechanisms for open-ended ELTIFs.
As of 25 October, 90 of the 139 European long-term investment funds on the European Securities and Market Authority’s register of authorised Eltifs are domiciled in Luxembourg. That gives the Grand Duchy roughly two-thirds of the market share.
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