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ARTICLE · 12 JANUARY 2024

ELTIF 2.0 Now Applicable! What Does It Mean In Practice?

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The initial ELTIF Regulation entered into force on 19 May 2015 (ELTIF 1.0) with the objective of boosting European long-term investments in the real economy...

European UnionFinance and Banking
Marc Meyers
Marc Meyers
Sebastiaan Hooghiemstra
Sebastiaan Hooghiemstra

The European Parliament voted on 15 February 2023 in favour of a major update to the EU's regulation for long-term investment funds (ELTIFs), also known as ELTIF 2.0, applies as from 10 January 2024. ELTIF 2.0 forms part of the EU's wider Capital Markets Union (CMU) initiative that aims to develop the EU's capital markets.

1. Background to ELTIF 2.0

The initial ELTIF Regulation entered into force on 19 May 2015 (ELTIF 1.0) with the objective of boosting European long-term investments in the real economy, in line with the EU wider objective of smart, sustainable and inclusive growth. Albeit receiving a lot of attention, especially given the introduction of a marketing passport for "retail investors", it became clear, over time, that the ELTIF regulation did not scale up as expected.

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