ELTIF Regulation - EU Commission adopts RTS

Published: 11 December 2017

The EU Commission has adopted a Delegated Regulation with regard to regulatory technical standards (RTS) on several areas under the European Long-Term Investment Fund (ELTIF) Regulation. The draft RTS address:

  • financial derivative instruments solely serving hedging purposes;
  • sufficient length of the life of the ELTIFs;
  • assessment criteria for the market for potential buyers and valuation of the assets to be divested; and
  • the types and characteristic of the facilities available to retail investors.

The delivery of RTS on cost disclosures has been postponed to ensure their consistency with the legal requirements under the Regulation on key information documents for Packaged Retail And Insurance-Based Investment Products (PRIIPs Regulation). The EU Parliament and EU Council have three months to scrutinise the RTS. The RTS will enter into force on the twentieth day following that of their publication in the Official Journal.

For further information please contact Nicholas Smith