Published on 15 December 2023
Communiqué

Request for a European Long-Term Investment Fund (ELTIF)

Updating the existing form

The original Regulation (EU) 2015/760 on European Long-Term Investment Funds (ELTIFs) was amended by Regulation (EU) 2023/606 of 15 March 2023 (hereinafter “revised ELTIF Regulation”). The revised ELTIF Regulation brings important innovations compared to the original ELTIF Regulation. For further details, please see the revised ELTIF Regulation which is available here.

The revised ELTIF Regulation was published in the Official Journal of the European Union on 20 March 2023. It came into force on 9 April 2023 and will apply as of 10 January 2024.

As the application date of the revised ELTIF Regulation approaches, the CSSF updates its existing ELTIF application form. You will find the updated ELTIF application form here: Request for a European Long-Term Investment Fund (ELTIF)

The CSSF underlines that the updated ELTIF application form aims to facilitate and thereby accelerate new ELTIF authorisation requests as well as subsequent requests for amendment.

In this regard, you will notice that the updated ELTIF application form includes various thematic sheets. Some sheets contain key questions that trigger further questions to respond to. Depending on the answer to a key question, form fields will be greyed out or not. For example, if an ELTIF is not intended to be marketed to retail investors, most sections in sheet “RETAIL PROFESSIONAL” will be greyed out and will therefore not require you to provide the type of information/documents that are required in case the ELTIF was intended to be marketed to retail investors.

This will allow the CSSF to clarify key points at an early stage of the ELTIF authorisation process. This also requires that the ELTIF application form is completed with the necessary care and diligence. The column titled “Footnotes” is intended to help to complete the ELTIF application form correctly.

The updated ELTIF application form must be used for any new authorisation request submitted as from the publication of this press release. It should also be used for opt-in notifications and the communication of substantial changes to an initial application.

Please be reminded that: