Council of EU Publishes Compromise Proposal on ELTIF Regulation

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On May 27, the Council of the EU published a compromise proposal (10215/14), dated May 23, 2014, in respect of the European Commission’s proposed Regulation on European Long-Term Investment Funds (ELTIF Regulation).

The ELTIF Regulation seeks to create a new type of investment fund available for retail and professional investors (an ELTIF). ELTIFS will be used as long term collective investment vehicles to invest in infrastructure projects and un-listed companies that issue equity or debt securities for which there is no readily identifiable buyer. ELTIFS will be subject to various investment constraints, such as a prohibition on short selling of assets and a prohibition on taking exposure to commodities. The ELTIF Regulation (2013/0214(COD)). Compromise ProposalELTIF Regulation.

 

Topics:  Commodities, EU, European Commission, Infrastructure, Investment Funds, Long-Term Investment Funds, Short-Term Investments

Published In: Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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