The European Parliament has published a document containing the provisional text of the European Long-Term Investment Funds (ELTIF) Regulation.

The European Commission proposed introducing ELTIFs in June 2013 and the European Parliament reached an agreement on this on 10 March 2015.

ELTIFs are part of the wider Capital Markets Union (CMU) project designed to promote growth in the EU, and allow investors to put money into companies and projects that need long-term capital.  They were designed to facilitate investment into asset classes that are too illiquid to be served by existing fund structures.  European bodies can also use ELTIFs to raise funds to fulfil their mandates, creating the possibility of public- private partnerships.

The Regulation will need to be formally approved by the Council of the EU and will enter into force 20 days after it is published in the Official Journal of the EU (OJ). It is expected to apply six months after its entry into force.