ELTIF 2.0 Adopted
Published 8 March 2023
On 15 February 2023, the European Parliament has voted in favour of an update to the EU’s Regulation for Long-Term Investment Funds (ELTIFs), also known as ELTIF 2.0.
The reform had been proposed by the European Commission in November 2021, and we have touched upon the amendments in a previous update.
In general, the framework around (ELTIFs) has been updated as part of the EU’s wider Capital Markets Union (CMU) initiative that aims to develop the EU’s capital markets, and the amendments to the regulation include a broader scope of eligible assets, a simplified definition of ‘retail assets’, which include lighter retail investor requirements, and an increased market capitalization threshold.
Next Step: The revised regulation is expected to be published in the Official Journal of the European Union in March 2023 and will enter into force in the first quarter of 2024.
Tags: Retail Investors
Also tagged ‘Retail Investors’
On 25 November 2021, the European Commission published its proposal to amend the Regulation of European Long-Term Investment Funds (ELTIFs) as part of a new Capital Markets Union (CMU) legislative package.Retail Investors
On 16 April 2019, the European Parliament adopted the European Commission's initiatives to improve the efficiency of cross-border distribution of Alternative Investment Funds (AIFs) and EuVECA funds by increasing transparency and harmonising diverging national rules.AIFMDCross-BorderMarketingPre-MarketingRetail InvestorsVenture Capital
The European Commission has earlier this year published a number of targeted proposals to amend the PRIIP Level 1 Regulation, implementing more modern rules on how a PRIIP Key Information Document (KID) is provided to investors. The proposed changes aim to change the content of the (KID) which must be provided to retail investors before investing.KID / PRIIPS
On 30 August 2023, the Danish Financial Supervisory Authority (“DFSA”) published a memo describing the requirements in SFDR art. 11 for periodic reporting.ComplianceDisclosure RequirementsSustainability
The progress reports are a result of a push from stakeholders requesting greater market integrity, investor protection and trusted environments for sustainable investments as sustainability has become an important competitive factor.ESMASustainability
On 31 July 2023 the European Commission adopted European Sustainability Reporting Standards (ESRS) which are mandatory standards for companies under CSRD to use when reporting on sustainability information.Sustainability
On 1 July 2023, a revision of the Investment Screening Act (the “Act”) entered into force. The revision revolves around two areas: public contracts and administrative procedures.Danish RegulationGovernance