Regulatory Alerts2024-04-22
Opinion on ELTIF regulatory technical standards under the revised ELTIF Regulation
ESMA submits a formal opinion to the European Commission proposing limited amendments to draft regulatory technical standards for European long-term investment funds following the Commission's request for a more proportionate approach. The revised standards adjust redemption policy requirements by linking notice periods to specific minimum liquid asset holdings and maximum redemption percentages to better balance investor protection with the diverse nature of ELTIF strategies. Additionally, ESMA modifies liquidity management tool mandates to remove the obligation to implement anti-dilution tools, allowing managers greater flexibility to select appropriate mechanisms for their specific investment profiles.
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