EU Publishes RTS Supplementing ELTIF Regulation
On March 23, the Official Journal of the European Union published the European Commission Delegated Regulation 2018/480 (Delegated Regulation).
The Delegated Regulation sets out regulatory technical standards (RTS) on financial derivative instruments solely serving hedging purposes, sufficient length of the life of the European long-term investment funds (ELTIFs), assessment criteria for the market for potential buyers and valuation of the assets to be divested, and the types and characteristics of the facilities available to retail investors.
The Delegated Regulation was adopted by the European Commission on December 4, 2017 and will go into effect on April 12.
The Delegated Regulation is available here.