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By Dr. Sebastiaan Niels HOOGHIEMSTRA*
On 25 November 2021, the European Commission published a proposal to amend Regulation (EU) 2015/760 (“ELTIFR 2”). ELTIFR 2, in particular, overhauls the rules applicable to eligible assets, portfolio composition and the distribution to retail investors. In doing so, ELTIFR 2 clearly distinguishes between European long-term investment funds (“ELTIFs”) that are to be marketed to “professional investors” and “retail investors”, including high-net-worth individuals (“HWNI”). This contribution provides an overview of the key aspects of the proposed ELTIFR 2.
The ELTIF regulatory framework is intended to facilitate long-term investments by institutional and retail investors and provide an alternative, non-bank...
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