Version status: Revoked | Document consolidation status: Assimilated law updated to reflect all known changes

Published date: 19 May 2015

Regulation 2015/760/EU of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (ELTIF Regulation) (Assimilated Law)

	Recitals
	Chapter I General provisions (arts. 1-7)
	Article 1 Subject matter and objective
	Article 2 Definitions
	Article 3 Authorisation and central public register
	Article 4 Designation and prohibition on transformation
	Article 5 Application for authorisation as an LTIF
	Article 6 Conditions for granting authorisation as an ELTIF
	Article 7 Applicable rules and liability
	Chapter II Obligations concerning the investment policies of LTIFs (8-17)
	Section 1 General rules and eligible assets (arts. 8-12)
	Article 8 Investment compartments
	Article 9 Eligible investments
	Article 10 Eligible investment assets
	Article 11 Qualifying portfolio undertaking
	Article 12 Conflict of interest
	Section 2 Provisions on investment policies (arts. 13-17)
	Article 13 Portfolio composition and diversification
	Article 14 Rectification of investment positions
	Article 15 Concentration
	Article 16 Borrowing of cash
	Article 17 Application of portfolio composition and diversification rules
	Chapter III Redeption, trading and issue of UNITS or shares of an LTIF and distribution of proceeds and capital (arts. 18-22)
	Article 18 Redemption policy and life of LTIFs
	Article 19 Secondary market
	Article 20 Issuance of new units or shares
	Article 21 Disposal of LTIF assets
	Article 22 Distribution of proceeds and capital
	Chapter IV Transparency requirements (arts. 23-25)
	Article 23 Transparency
	Article 24 Additional requirements of the prospectus
	Article 25 Cost disclosure
	Chapter V Margeting of UNITS or shares of ELTIFs (arts. 26-31)
	Article 26 Facilities available to investors
	Article 27 Internal assessment process for LTIFs marketed to retail investors
	Article 28 Specific requirements concerning the distribution of LTIFs to retail investors
	Article 29 Specific provisions concerning the depositary of an LTIF marketed to retail investors
	Article 30 Additional requirements for marketing LTIFs to retail investors
	Article 31 Marketing of units or shares of LTIFs
	Chapter VI Supervision (arts. 32-35)
	Article 32 Supervision by the FCA
	Article 33 Powers of competent authorities
	Article 34 Powers and competences of ESMA
	Article 35 Cooperation between competent authorities
	Chapter VII Final provisions (arts. 36-38)
	Article 36 Processing of applications by the Commission
	Article 37 Review
	Article 38 Entry into force
	Done at