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Long Term Investment Funds – Review of EU rules

Banking and financial services

The review of the EU rules on European Long Term Investment Funds (ELTIF) will assess the contribution of the legal framework and of ELTIFs to the completion of the Capital Markets Union and to the achievement of smart, sustainable and inclusive growth.

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Public consultation

ID: 12570

Lobbying Activity

27 responses

Consultation response

Insurance Europe, 21 Mar 2022

The European insurance industry welcomes the European Commission’s proposal to review the European Long-Term Investment Funds (ELTIF) Regulation. As the insurance industry needs access to a wide range of assets that provide attractive returns and portfolio diversification, improvements made to the…

Consultation response

Insurance Europe, 14 Oct 2020

The European insurance industry supports the European Commission’s intention to make improvements to the European Long-Term Investment Funds Regulation (ELTIF) framework, as indicated in its Capital Markets Union (CMU) Action Plan (Action 3). The insurance industry needs access to a wide range of…

Consultation response

Gesamtverband der Deutschen Versicherungswirtschaft e.V., 14 Oct 2020

The German insurance industry supports improvements to the ELTIF regulatory framework. The insurance industry needs access to a wide range of assets that generate stable revenues and match its long-term liabilities. Long-term investments in the real economy, as envisaged by ELTIFs, are generally of…

Consultation response

BlackRock, 14 Oct 2020

BlackRock welcomes the recommendations of the High Level Forum on Capital Markets Union (HLF) on the ELTIF as well as the European Commission’s calls in the CMU Action Plan to promote the ELTIF. In addition to the HLF recommendations we note some additional, incremental changes which we believe…

Consultation response

Commerzbank AG, 9 Mar 2022

Commerzbank`s subsidiary CommerzReal has launched the ELTIF “KlimaVest” in 2021. The overarching goal in setting up an ELTIF as an impact fund investing in renewable energies investments for retail clients was to offer those investors the opportunity to benefit from attractive returns resulting…

Consultation response

Investment Company Institute, 24 Mar 2022

Attached please find ICI Global's feedback on the Commission's ELTIF review proposal.

Consultation response

AMUNDI AM, 14 Oct 2020

AMUNDI strongly supports the review of ELTIF aimed at increasing retail engagement in long term products. In line with the recommendations of the High Level Forum on Capital Markets Union. We believe that key areas to improve ELTIF are: i) enlarging eligible investments, (ii) easing the retail…

Consultation response

BVI Bundesverband Investment und Asset Management e.V., 14 Oct 2020

The BVI gladly takes the opportunity to contribute to the inception impact assessment by sharing its views on the current ELTIF regime considering the upcoming review of the Regulation. Please find our full response attached. The raison d'être of the ELTIF Regulation should be to address…

Consultation response

Association Française de la Gestion financière, 14 Oct 2020

ELTIFs are investment vehicles geared towards long-term financing of the European economy and offer the advantage of being able to invest, in particular, in the capital of unlisted companies (including SMEs), in private debt or in real assets requiring significant initial investment, such as…

Consultation response

European Fund and Asset Management Association, 24 Mar 2022

EFAMA strongly supports the Commission's draft proposal amending the ELTIF Regulation where it addresses some of the major obstacles that have undermined the attractiveness of the ELTIF product since inception. The revised legal framework has the potential to transform ELTIF into a product of…

Consultation response

European Savings and Retail Banking Group, 14 Oct 2020

Review highlights three main areas: 1) Removing limitations on the supply side by improving the fund structuring and eligible assets related aspects of the ELTIF framework. We support this in principle – however, the specification of which assets can be invested should not be too much softened. We…

Consultation response

The Alternative Investment Management Association Limited, 14 Oct 2020

ELTIF Inception Impact Assessment – Feedback from the Alternative Credit Council The Alternative Credit Council (ACC), the global representative of the private credit industry, is pleased to contribute to the European Commission’s Inception Impact Assessment (IIA) of the ELTIF vehicle. The ACC…

Consultation response

Assogestioni - Italian Investment Management Association, 25 Mar 2022

Assogestioni welcomes the proposal of the Commission for the review of the ELTIF Regulation which, taking into account most of the considerations of the Association, identifies measures aimed at improving the attractiveness of ELTIFs by making them more flexible, in terms of investment policy and…

Consultation response

FRANCE INVEST, 17 Mar 2022

At the time, France Invest supported the creation of European long-term investment funds (ELTIFs): our members saw it as an opportunity to encourage investors to commit their capital for the long term. Indeed, private equity is a long-term investment: the average length of an investment into…

Consultation response

FRANCE INVEST, 13 Oct 2020

Established nearly 40 years ago, France Invest brings together venture capital, private equity, infrastructure and private debt teams based in France, as well as the associated professions which support them. Its membership currently counts 340 management firms and 170 associate members. Private…

Consultation response

Triodos Bank, 14 Oct 2020

Triodos Bank advocates a revision of the ELTIF regulation which suits the Commission’s Just Transition ambitions. Leveraging public money with private money would enable thousands of projects and SMEs to contribute to a fair and green recovery. To that end, ELTIFs should be expanded to…

Consultation response

Italian Banking, Insurance and Finance Federation, 25 Mar 2022

Le modifiche inserite nella proposta di revisione del Regolamento ELTIF presentata dalla Commissione europea il 25 novembre 2021 vanno, nel complesso, nella giusta direzione. Esse sono, infatti, volte a migliorare l’attrattività degli ELTIF rendendoli, da un lato, più flessibili in termini di…

Consultation response

International Securities Lending Association, 25 Mar 2022

The International Securities Lending Association (ISLA) welcomes the opportunity to respond to this proposal. More information on ISLA and its members can be found here. ISLA would like to raise concern pertaining to the rules around eligible assets. Under the current regulation, an ELTIF must not…

Consultation response

Associazione Italiana Private Banking, 24 Mar 2022

The reform of ELTIF Regulation plays an important role, given that ELTIFs didn’t spread as expected. We warmly welcomed the innovations set forth by the remarkable “Proposal for a regulation” and we bring to your attention some additional proposals. The current Regulation provides for a quite…

Consultation response

Associazione Italiana Private Banking, 14 Oct 2020

Dear Sirs, please can find enclosed the AIPB (Italian Association of Private Banking) feedback. Best regards, AIPB

Consultation response

Masarykova univerzita, 25 Sept 2020

Masaryk University welcomes the possibility to give feedback on ELTIF rules. Masaryk University, as an academic institution, considers the existence of ELTIF as very helpful for promoting innovation dissemination and "triple helix" (public, academic, private) cooperation. Therefore, because the…

Consultation response

European Association for Investors in Non-Listed Real Estate Vehicles, 24 Mar 2022

Long-term investment funds – review of EU rules INREV is the European Association for Investors in Non-Listed Real Estate Vehicles. We provide guidance, research and information related to the development and harmonisation of professional standards, reporting guidelines and corporate governance…

Consultation response

ASSOCIAZIONE NAZIONALE CONSULENTI FINANZIARI, 23 Mar 2022

Dear Commission, in accepting the invitation referred to in the consultation paper on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2015/760 as regards the scope of eligible assets and investments, the portfolio composition and diversification…

Consultation response

, 11 Mar 2022

La réforme des Eltifs constituerait un point essentiel en faveur du long terme, conformément à l’objectif de l’Union d’une croissance intelligente, durable, et inclusive. L’ambition affichée semble toutefois ambitieuse et ce projet ne peut se substituer à la nécessaire révision des normes IFRS et…

Consultation response

, 25 Nov 2021

The request regulative new European Directive to European Union and Western Balkan the action process minimum standard procedure implements European standatd Procedure ISO Standard transaction the plus control SWFT mesage Process controls have 3 institution in 3 SWIFT message the 1) First Bank…

Consultation response

FundRock Management Company SA, 14 Oct 2020

FundRock Group is a leading independent UCITS Management Company and Alternative Investment Fund Manager (AIFM), offering solutions for Luxembourg, UK, Ireland and French-based funds with paid-up capital in excess of the €10 million capital requirement. Our strong foundations and long track record…

Consultation response

JFMO SERVICIOS EN INTERMEDIACIÓN PÚBLICA, ASOCIACIÓN EN PARTICIPACION, 17 Sept 2020

Es importante definir los fondos de inversión en sus diversas variantes como son se Renta Fija, Variable, Mixta, Retorno Absoluta. Además de establecer los topes de deuda pública a través de empréstitos soportados a través de Fondos de Inversión o Fondos indexados para mayor conveniencia. Para…