EFAMA firmly supports the Commission’s proposed amend of the ELTIF Regulation, in line with its recently revamped “new” CMU.
European Long-Term Investment Fund (ELTIF)
The European Long-Term Investment Fund (ELTIF) is an investment vehicle designed for investors who want to make long-term investments into companies and projects. The current ELTIF regime allows all types of investors to invest long-term in European non-listed companies and in long-term assets such as real estate and infrastructure projects. Asset managers have a primary role to play in maximising the pooling and diversification of capital and managing collective investment schemes.
EFAMA believes that the current ELTIF Regulation needs to be amended, to fully unlock its potential and become a product of choice for investors. We advocate for an “evergreen” product with the recalibration of the regulation’s asset eligibility requirements, minimum investment amounts and the establishment of adequate tax incentives.
EFAMA’s comments on ESMA’s CP on Draft regulatory technical standards under Article 25 of ELTIF Regulation
EFAMA welcomes the opportunity to respond to the European Commission’s Green Paper on retail financial services. Widening the opportunities for European citizens to save and invest will facilitate better outcomes both for savers and the wider European economy.
EFAMA fully shares the goals of a Single Market for retail financial services in the EU, i.e.:
1. Promoting an EU-wide market in retail financial services that can facilitate cross-border business and consumer choice.
The European Fund and Asset Management Association (EFAMA) today shared its recommendations to the European Commission on measures to be taken to improve the European Long-Term Investment Fund (ELTIF) regime.
Raising awareness of the benefits of long-term savings to retail investors will help to rebuild confidence in the European asset management industry, according to EFAMA’s member survey.