The European Commission (EC) has issued Delegated Regulation (EU) 2024/2759 on EUR-Lex, which enhances the framework for European long-term investment funds under Regulation (EU) 2015/760, known as the ELTIF Regulation.
This delegated regulation provides specific clarifications on core aspects of the ELTIF Regulation, particularly concerning the use of derivatives for hedging, the structuring of redemption policies and liquidity risk management tools, transfer request matching policies and associated disclosures, cost transparency, and the processes for assessing a buyers’ market and valuing assets that an ELTIF intends to divest. The delegated regulation also provides clarity on the liquid assets a fund must hold in relation to the notice period for redemption requests and redemption frequency.
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