On Monday 19 October, the European Commission launched a public consultation on EU rules for European long-term investment funds (ELTIFs) in order to collect stakeholders’ views on improving the funds’ performance.
In a roadmap published in September (see EUROPE 12562/11), the Commission stated that, in the third quarter of 2021, it intends to propose a revision of Regulation (EU) 2015/760 on European long-term investment funds, the aim of which is to facilitate investment in long-term assets such as transport and social infrastructure projects, goods and small businesses, via alternative investment funds.
The Commission notes that, since the legal framework was adopted in 2015, only a small number of ELTIFs have been launched, with a very low asset base. The Commission would like to improve its understanding of the reasons for the low uptake.
In June, the High Level Forum on Capital Markets Union (see EUROPE 12503/13) called for a review of the ELTIF Regulation to reduce potential barriers to investment. The idea was revived in the Commission's Action Plan to accelerate the process of setting up the Capital Markets Union (see EUROPE 12562/9), which was presented in September.
Interested parties have until 19 January 2021 to submit their comments to: https://bit.ly/3j6cFOs (Original version in French by Marion Fontana)