Home › Capital Markets & Securities › ELTIF Regulation

ELTIF Regulation In force since 9 December 2015

REGULATION (EU) 2015/760 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 29 April 2015 on European long-term investment funds
32015R0760 · official text on EUR-Lex

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Articles

Chapter I GENERAL PROVISIONS

• Article 1 — Subject matter and objective
• Article 2 — Definitions
• Article 3 — Authorisation and central public register
• Article 4 — Designation and prohibition on transformation
• Article 5 — Application for authorisation as an ELTIF
• Article 6 — Conditions for granting authorisation as an ELTIF
• Article 7 — Applicable rules and liability

Chapter II OBLIGATIONS CONCERNING THE INVESTMENT POLICIES OF ELTIFs

Section 1 General rules and eligible assets

• Article 8 — Investment compartments
• Article 9 — Eligible investments
• Article 10 — Eligible investment assets
• Article 11 — Qualifying portfolio undertaking
• Article 12 — Conflict of interest

Section 2 Provisions on investment policies

• Article 13 — Portfolio composition and diversification
• Article 14 — Rectification of investment positions
• Article 15 — Concentration
• Article 16 — Borrowing of cash
• Article 17 — Application of portfolio composition and diversification rules

Chapter III REDEMPTION, TRADING AND ISSUE OF UNITS OR SHARES OF AN ELTIF AND DISTRIBUTION OF PROCEEDS AND CAPITAL

• Article 18 — Redemption policy and life of ELTIFs
• Article 19 — Secondary market
• Article 20 — Issuance of new units or shares
• Article 21 — Disposal of ELTIF assets
• Article 22 — Distribution of proceeds and capital

Chapter IV TRANSPARENCY REQUIREMENTS

• Article 23 — Transparency
• Article 24 — Additional requirements of the prospectus
• Article 25 — Cost disclosure

Chapter V MARKETING OF UNITS OR SHARES OF ELTIFs

• Article 26 — Facilities available to investors
• Article 27 — Internal assessment process for ELTIFs marketed to retail investors
• Article 28 — Specific requirements concerning the distribution of ELTIFs to retail investors
• Article 29 — Specific provisions concerning the depositary of an ELTIF marketed to retail investors
• Article 30 — Additional requirements for marketing ELTIFs to retail investors
• Article 31 — Marketing of units or shares of ELTIFs

Chapter VI SUPERVISION

• Article 32 — Supervision by the competent authorities
• Article 33 — Powers of competent authorities
• Article 34 — Powers and competences of ESMA
• Article 35 — Cooperation between competent authorities

Chapter VII FINAL PROVISIONS

• Article 36 — Processing of applications by the Commission
• Article 37 — Review
• Article 38 — Entry into force