The European Securities and Markets Authority (ESMA) continues its efforts to get European long-term investment funds (ELTIFs) to take off. This time, it’s seeking input from the industry on draft regulatory technical standards (RTS) under the revised ELTIF framework.

In a press release, ESMA announced that it has released a consultation paper seeking input focused on:
• the circumstances in which the life of an ELTIF is considered compatible with the lifecycles of each of the individual assets, as well as different features of the redemption policy of the ELTIF,
• the circumstances for the use of the matching mechanism, and
• the costs disclosure.

The consultation paper can be viewed here. Responses should be submitted by 24 August 2023. ESMA will be publishing a report based on the feedback it receives and submitting a draft of the RTS to the European Commission by 10 January 2024.

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