ESMA Consults on Regulatory Technical Standards Under the ELTIF Regulation
Published 23 March 2019
On 28 March 2019, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on draft Regulatory Technical Standards (RTS) under article 25 of the ELTIF Regulation.
Article 25 provides that ESMA shall develop draft regulatory technical standards (RTS) to determine the costs disclosure requirements applicable to ELTIF managers. In doing so, ESMA must consider the RTS under the PRIIPs Regulation, which were finalized in April 2017 and are now due to be revised in the course of 2019 in the context of the amendments to the PRIIPs KID. Taking into account the new regulatory framework put in place in the context of the PRIIPs Regulation, ESMA is now consulting stakeholders on the amended proposals set out below on the requirements on cost disclosure under Article 25(3) of the ELTIF Regulation
Next steps: ESMA is seeking stakeholders’ feedback to the consultation paper by 29 June 2019. Finalization of the draft RTS to be submitted to the European Commission for endorsement.
See the ESMA Consultation Paper here.
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