European Commission seeks greater retail participation in update to ELTIF regulation

AIFMD proposals would alter UCITS directive

The European Commission is keen to increase the uptake of European long-term investment funds (ELTIF) among retail investors through a raft of proposals it has detailed in a recent regulatory review.

The legislative package, which revises the regulatory framework for both ELTIF and the alternative investment fund managers directive (AIFMD), which would see a greater opening of the long-term fund structure to retail investors. Following dedicated consultations last year, these recommendations will soon head for consideration by both the European Parliament and the Council of the EU. The review includes four legislative proposals, covering both AIFMD and ELTIF, but also the European Single Access Point and a review of the Markets in Financial Instruments Regulation II (MiFID II). ...