ELTIF 2.0 – RTS Delegated Regulation Enters Into Force

The European Long-Term Investment Fund ("ELTIF") is an EU fund product regime designed to provide long-term stable returns by investing primarily in long-term investments, such as loans, infrastructure and private equity. ELTIFs can be marketed to retail or institutional investors across the European Union. The new and improved ELTIF regime amending the European Long-Term Investment Fund Regulation¹ ("ELTIF 2.0") came into effect on 10 January 2024.

On 25 October 2024, the European Commission published the ELTIF 2.0 regulatory technical standards ("RTS") as a delegated regulation in the Official Journal of the European Union. The RTS entered into force on 26 October 2024. This marks the final major milestone on full implementation of ELTIF 2.0 and gives managers considering an ELTIF providing the possibility of (a certain) liquidity to investors certainty on the parameters within which such entities will need to operate.