ELTIFs revised regulation will apply from 10 January 2024, enhance their appeal and effectiveness, while addressing the shortcomings of the original framework. Key amendments include broader eligibility criteria for assets, increased flexibility in fund rules, improved access for retail investors, and harmonization with MiFID II regulations.
These changes aim to stimulate investor interest and encourage asset managers to explore the potential of ELTIFs. The entry into force of the revised Regulation is supported by Luxembourg in the sense that ELTIF will be exempt from the subscription tax and will have access to a broader range of available legal structures.
efa is a strong partner to support fund managers in the launch of their ELTIFs. Not only do we offer fund administration and transfer agency services to funds investing in both private assets and public assets, but we also support seamlessly institutional and retail distribution models on a single platform.