On October 25, 2024, the Commission Delegated Regulation (EU) 2024/2759 concerning European long-term investment funds (ELTIFs) was published, effective immediately. This regulation provides regulatory technical standards (RTS) for ELTIF managers on derivatives use, redemption policies, and liquidity management. The ELTIF regime, initiated in 2015 to enhance long-term investments, struggled with adoption due to strict requirements, leading to its 2023 amendment (ELTIF 2.0), which introduced more flexibility. The RTS cover various aspects, including hedging criteria, minimum holding periods, and liquidity management tools, and are essential for new ELTIF applications to comply.

Read the full article here