1. European
  2. Legislation (EU)
  3. EU Regulations
  4. 2015
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  1. Regulation 2015/760/EU of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (ELTIF Regulation) (Text with EEA relevance)
  2. Chapter III Redeption, trading and issue of UNITS or shares of an ELTIF and distribution of proceeds and capital (arts. 18-22)
  3. Article 20 Issuance of new units or shares
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2015 - onwards
  Version 3 of 3    

Article 20 Issuance of new units or shares

1. An ELTIF may offer new issues of units or shares in accordance with its rules or instruments of incorporation.

2. An ELTIF shall not issue new units or shares at a price below their net asset value without a prior offering of those units or shares at that price to existing investors in the ELTIF.

Comparing proposed amendment...
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