the ELTIF Regulation definition
Examples of the ELTIF Regulation in a sentence
There can be no assurance that countries maintain compliance of the Sub-Fund’s portfolio of investments with rules for investments in Eligible Jurisdictions as per article 11(1)(c)(ii) of the ELTIF Regulation and at any point a potential or existing investor may become a Prohibited Person in the event of a legislative change.
The Sub-Fund’s investments will qualify as eligible investments for an ELTIF, in particular with regard to eligible assets and spreading of investment risks in accordance with Chapter II of the ELTIF Regulation.
Certain EEA countries, such as Lichtenstein, Norway and Iceland, are due to adopt the necessary legislative implementation measures in national law to adopt the ELTIF Regulation and therefore become Member States within the meaning of the ELTIF Regulation.
Compliance with article 11(1)(c) of the ELTIF Regulation will continue to be monitored during the life of the investments.
If, at any time during the life of the Sub-Fund, the status of an investor means that the country of any investment of the Sub-Fund no longer satisfies the requirements of 11(1)(c) of the ELTIF Regulation due to legal, regulatory or tax changes resulting in such Qualifying Portfolio Undertaking no longer domiciled in an Eligible Jurisdiction, the AIFM may have to consider remedial action in respect of such investor’s status as a Shareholder.
However, there is no clear time indication on when these measures and adoption of the ELTIF Regulation in such countries will enter into force, additionally an assessment as to the compliance of article 11(1)(c)(ii) of the ELTIF Regulation for the Sub-Fund’s investment portfolio and the marketing jurisdiction of its investors will need to be made at the time of such adoption.
This means that prospective and admitted investors from such countries may in the future no longer be deemed Eligible Investors of the Sub-Fund if the application of article 11(1)(c)(ii) of the ELTIF Regulation can no longer be complied with due to their admission in the Sub-Fund.
Specific risks related to co-investments are duly addressed by the conflict of interest policy established by the AIFM in accordance with the ELTIF Regulation and the AIFMD framework.
Digital Assets Limit as defined in Article 6.2 ELTIF a European long-term investment fund regulated by the ELTIF Regulation.
In particular, it should be noted that in accordance with article 11(1)(c) of the ELTIF Regulation, where a Qualifying Portfolio Undertaking is established in a third country, such third country must at all times be an Eligible Jurisdiction.