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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)RecitalsChapter I General provisions (arts. 1-7)Article 1 Subject matter and objectiveArticle 2 DefinitionsArticle 3 Authorisation and central public registerArticle 4 Designation and prohibition on transformationArticle 5 Application for authorisation as an LTIFArticle 6 Conditions for granting authorisation as an ELTIFArticle 7 Applicable rules and liabilityChapter II Obligations concerning the investment policies of LTIFs (8-17)Section 1 General rules and eligible assets (arts. 8-12)Article 8 Investment compartmentsArticle 9 Eligible investmentsArticle 10 Eligible investment assetsArticle 11 Qualifying portfolio undertakingArticle 12 Conflict of interestSection 2 Provisions on investment policies (arts. 13-17)Article 13 Portfolio composition and diversificationArticle 14 Rectification of investment positionsArticle 15 ConcentrationArticle 16 Borrowing of cashArticle 17 Application of portfolio composition and diversification rulesChapter 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 LTIFsArticle 19 Secondary marketArticle 20 Issuance of new units or sharesArticle 21 Disposal of LTIF assetsArticle 22 Distribution of proceeds and capitalChapter IV Transparency requirements (arts. 23-25)Article 23 TransparencyArticle 24 Additional requirements of the prospectusArticle 25 Cost disclosureChapter V Margeting of UNITS or shares of ELTIFs (arts. 26-31)Article 26 Facilities available to investorsArticle 27 Internal assessment process for LTIFs marketed to retail investorsArticle 28 Specific requirements concerning the distribution of LTIFs to retail investorsArticle 29 Specific provisions concerning the depositary of an LTIF marketed to retail investorsArticle 30 Additional requirements for marketing LTIFs to retail investorsArticle 31 Marketing of units or shares of LTIFsChapter VI Supervision (arts. 32-35)Article 32 Supervision by the FCAArticle 33 Powers of competent authoritiesArticle 34 Powers and competences of ESMAArticle 35 Cooperation between competent authoritiesChapter VII Final provisions (arts. 36-38)Article 36 Processing of applications by the CommissionArticle 37 ReviewArticle 38 Entry into forceDone at
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Version status: Revoked | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 1 January 2024 - onwards
Version 3 of 3

Article 19 Secondary market

Revoked from 1 January 2024

[deleted]

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