ICMA responds to the ESMA consultation on the draft regulatory technical standards under the revised ELTIF regulation


24 August 2023, ICMA’s Asset Management and Investors Council (AMIC) submitted its response to the European Securities and Markets Authority (ESMA) consultation on the draft regulatory technical standards under the revised European Long-Term Investment Funds (ELTIF) regulation.

AMIC recommended a number of considerations to be taken into account in the final Regulatory Technical Standards (RTS) in order to ensure the success of ELTIF 2.0 and preserve the improvements agreed at level 1.

Particularly, AMIC highlights:

  • The importance of maintaining flexibility to facilitate the ELTIF manager to act in the best interest of investors and implement the most appropriate liquidity management tools;
  • The need to consider liquidity management tools and redemption policies holistically, and not in isolation;
  • The wider regulatory landscape to ensure a coherent and consistent approach across regulations.

ICMA's detailed response can be found here.

ICMA Zurich
T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich

ICMA London
T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris
T: +33 1 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
info@icmagroup.org (general enquiries)
education@icmagroup.org (education enquiries)
sustainabilitybonds@icmagroup.org (sustainable finance)
Copyright © 2024 International Capital Market Association.