ALFI responds to ESMA RTS under the revised ELTIF regulation

ALFI welcomed ESMA’s initiative to consolidate all RTS in relation to the revised ELTIF Regulation, including the proposed changes to the framework existing under the previous version of the Regulation. In the view of ALFI, such approach will facilitate the implementation and understanding of the rules both for the industry and the investors.

ALFI outlines in its response that more detailed rules are necessary to ensure a level playing field in the implementation of the revised ELTIF Regulation, however, ALFI also outlines that a one-size-fits-all approach, to among other matters such as minimum holding periods, minimum information to be provided to NCA, costs disclosures and others may prove challenging in practice considering the variety in ELTIFs that currently exist and that will be created going forward.

The consultation was based on the draft regulatory technical standards (RTS) for revised ELTIF Regulation, which ESMA has been tasked to develop.

Read the full ALFI response.