Draft versions of the Long-term Investment Funds (Amendment) (EU Exit) Regulations 2019 and the related explanatory memorandum, as laid before Parliament, have been published. When in force, the SI will enable UK funds managers to register or be authorised with the FCA in order to market ELTIFs under the new label Long-term Investment Fund (LTIF). The SI will come into force on exit day, except for amendments relating to the Technical Standards Regulations, which will come into force on the day after the day on which the Regulations are made. See our Update of 7 November 2018 for a related report.