1. Irish Financial Services Law
  2. Central Bank of Ireland
  3. Regulatory Requirements / Guidance
  4. 2024
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  1. AIF Rulebook (updated March 2024)
  2. Chapter 6 European Long-Term Investment Fund Requirements
  3. Part I: General Rules
  4. Section 1: European Long-Term Investment Fund Restrictions
  5. iv. Distinction between closed-ended ELTIF and those which are open-ended with limited liquidity
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Version date: 11 March 2024 - onwards
    Version 1 of 1    

iv. Distinction between closed-ended ELTIF and those which are open-ended with limited liquidity

1. Where an ELTIF does not permit investors to request the redemption of their units or shares before the end of the life of the ELTIF in accordance with Article 18(1) of Regulation (EU) 2015/760, the ELTIF shall be deemed a closed-ended ELTIF.

2. Where an ELTIF provides redemption facilities in accordance with Article 18(2) of Regulation (EU) 2015/760, the ELTIF shall be deemed an open-ended with limited liquidity ELTIF.

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