ELTIF2: final version of RTS published by the European Commission
On July 19, 2024, the European Commission published the final version of regulatory technical standards (RTS) with respect to ELTIF2 regulation.
These RTS specify when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management tools, the circumstances for the matching of transfer requests of units or shares of the ELTIF, certain criteria for the disposal of ELTIF assets, and certain elements of the costs disclosure.
This delegated act will be published in the Official Journal of the EU and enter into force if the European Parliament or the Council of the EU do not object to it. The scrutiny period lasts generally 2 months following the adoption of the act.