On 19 October 2022, the negotiators from the Council and the
European Parliament reached a provisional agreement on a revision
of the European Long-Term Investment Fund (ELTIF) Regulation. The
changes are intended to make the framework more attractive to asset
managers and especially retail investors for a fund framework that
has hitherto struggled to gain traction.
On 25 November, 2021, the EU Commission presented its Capital
Markets Union package, including the proposal to amend Regulation
(EU) 2015/760 of 29 April 2015 on European long-term investment
funds (the "Proposal"). The Council
adopted its position on the Proposal on 24 May 2022. Negotiations
with the European Parliament to reach an agreement on a final
version of the text started on 14 September 2022 and resulted in
the provisional agreement of 19 October 2022.
