MEPs reach ELTIF political agreement: A negotiating team of economic and monetary affairs MEPs have reached a political agreement with the Council and the Commission on European Long Term Investment Funds (ELTIFs). ELTIFs are designed to boost non-bank investment in the real economy by helping professional and retail investors, pension funds and insurance companies invest in projects which benefit the EU economy and growth. As it will be difficult for investors to withdraw their money early, the negotiators agreed "redemption" rules, to protect retail investors, enabling an ELTIF with sufficient liquid assets to return an investor's money at their request. Negotiators also inserted provisions to ensure that funds benefit the EU economy and growth, are not invested in speculative assets and that any retail investors are properly informed (by receiving a Key Information Document) and protected. Managers of ELTIFs, who must also comply with all the rules of the Alternative Investment Fund Managers Directive (AIFMD), can market their funds to investors in all EU Member States. The Regulation now needs formal adoption.
(Source: MEPs Reach ELTIF Political Agreement)