We welcome the political agreement reached yesterday between the European Parliament and the Council on the review of the regulation on European long-term investment funds (ELTIF), less than one year after the Commission proposal. This is a success for a flagship capital markets union (CMU) initiative. The political agreement reached yesterday will increase the attractiveness of European long-term investment funds (ELTIFs) for investors and their role as a complementary source of financing for EU companies. The ELTIF reform has huge potential for channeling investments to EU’s energy, social and transport infrastructure, creating jobs and boosting economy. ELTIFs ultimately democratise finance by granting citizens access to new investment opportunities currently only available to professionals, while ensuring strong investor protection. Since ELTIFs are designed to channel long-term investments, they are well placed to help finance the green and digital transitions.
Details
- Publication date
- 20 October 2022
- Author
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union