The 2015 Amending Finance Law (law n° 2015-1786) included several provisions modifying the French Monetary and Financial Code (Code monétaire et financier) in order to implement under French law the possibility for certain professional investment funds to grant loans according to the ELTIF regulation (Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds). This constitutes a new breach in the French banking monopoly, allowing professional venture capital funds (fonds professionnel de capital investissement), professional specialized funds (fonds professionnels spécialisés) and securitization funds (organismes de titrisation) to grant loans. These provisions, in effect as from 1 January 2016, will be completed by a decree which remains outstanding.