Background
On 19 July 2024, the European Commission (EC)
published final regulatory technical standards
(the Final RTS) under
the amended ELTIF Regulation (so called “ELTIF 2.0”).
This publication marks the end of back and forth with the European
Securities and Markets Authority (ESMA), whereby
the EC submitted in March a communication suggesting certain
amendments to the attention of ESMA, who responded at the end of
April with a revised version of the RTS.
This publication aims at highlighting the most striking points
of the Final RTS and their main implications. For full text, please
click here.
Key features
Minimum holding period
The Final RTS do not contain any strict requirement for having a
minimum holding period, leaving this decision to the discretion of
the ELTIF manager who is free to choose to determine a minimum
holding period based on several criteria laid down in Article 3(1),
including inter alia, the long-term nature and
investment
