The Council of EU Economy and Finance Ministers, meeting on Tuesday 24 May, is expected to adopt a political agreement in principle (‘general approach’) on the revision of the rules governing European Long-Term Investment Funds (ELTIFs) (see EUROPE B12957A9).
The legislative proposal aims to make ELTIFs more attractive and thus foster long-term investment by mobilising citizens’ savings to transform the EU economy, within the framework of the capital markets union.
Among the changes,...