Zooming in on the features and effects of the ELTIF framework
Interview with Dr. Julia Backmann, LL.M. Vice President (legal) at BVI
In April 2015, the European legislators adopted a new investment fund framework designed for investors who want to put money into companies and projects for the long term. The regulation on these private “European Long-Term Investment Funds” (ELTIFs) aims at increasing the pool of capital available for long-term investment, such as infrastructure and small and medium-sized businesses in the EU economy by creating a new form of fund vehicle.
We conducted an interview with Dr. Julia Backmann- Vice President of the legal department at the German Investment Funds Association BVI -on the current status of the ELTIF regulation. The ELTIF regulation has entered into force on 9 December 2015. The European Supervisory Authority ESMA consulted implementing measures (known as Regulatory Technical Standards - RTS) in early autumn 2015. These RTS will determine some of the final circumstances under which the new funds will operate.
Performance magazine issue 19, January 2016
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.