19/10/2022 (Agence Europe) – Negotiators from the European Parliament and the EU Council reached an agreement on Wednesday 19 October over the revision of the European long-term investment fund (ELTIF) regulation. As part of the Capital Markets Union (CMU) package, the text aims to make these hitherto little-used investment funds more appealing. Zbyněk Stanjura, Minister of Finance for the Czech Republic, welcomed the agreement in a statement. “One of the EU Council’s main priorities is now reflected in the text: recasting the ELTIF framework will allow us to direct more funding towards SMEs and long-term projects that will contribute to achieving the digital transition”, he emphasised. However, the idea of parliamentarians creating an optional subcategory of environmentally friendly ELTIFs needs to be discussed again (see EUROPE 12975/15). (AD)