On December 9th 2015 Regulation (EU) 2015/760 of the European Parliament and the Council of 29 April 2015 on European long-term investment funds (the “Regulation”) became directly applicable in each Member State of the European Union. The Regulation creates a new investment fund framework – the European Long-Term Investment Fund (“ELTIF”).
Fundamental purpose of the Regulation
The Regulation establishes a new kind of long-investment fund for professional/institutional and retail investors enabling them to invest in long-term infrastructure projects. The existence of ELTIFs should boost the finance available to companies in search of long-term capital for projects relating to energy, transport but also social housing, schools and hospitals.
The Regulation aims to introduce uniform rules across the EU for such vehicles. Harmonising the national laws of Member States relating to…
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