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ARTICLE · 22 AUGUST 2023

ELTIF 2.0 – Welcome Clarity On Irish Implementation

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

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Central Bank will consult later this year on its proposal to update its AIF Rulebook to facilitate implementation of the ELTIF 2.0 Regulation.

IrelandWealth Management

Central Bank will consult later this year on its proposal to update its AIF Rulebook to facilitate implementation of the ELTIF 2.0 Regulation.

This is timely ahead of the enhancements under the ELTIF 2.0 Regulation taking effect on 10 January 2024. ELTIFs, especially following the package of reforms and with the maturing trends in the retailisation of private funds, are primed as the "go-to" product option for distributing private market/real asset strategies to retail investors. Notably, the ELTIF product label comes with the unique advantage of an EU-wide product passport extending to retail investors (versus the more limited professional client only passport under AIFMD).

The Central Bank has indicated that it is proposing to publish a dedicated ELTIF chapter in its AIF Rulebook. ELTIFs will be a discrete AIF product type separate to Ireland's qualifying investor AIF (QIAIF) and retail investor AIF (RIAIF) product options. It has also been indicated that the

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