24/05/2022 (Agence Europe) – On Tuesday 24 May, EU Finance Ministers reached a political agreement in principle (‘general approach’) on the European Long-Term Investment Fund, ‘ELTIF’ (see EUROPE 12958/3). “This revised regulation will make such investment funds attractive to investors and fund managers”, explained French Minister Bruno le Maire in the public session of the Ecofin Council. As ELTIF funds are “the only type of fund dedicated to long-term investments that are marketable throughout the EU, including to savers”, it was “essential to simplify their operation and marketing rules, so that we are able to mobilise more European savings in favour of SMEs, infrastructure and ecological and digital transition projects”, he added. To read the EU Council’s negotiating position: https://aeur.eu/f/1sv (AD)