Efama supports Eltifs regulation
The new European long term investment funds (Eltifs) regulatory framework has the potential to unlock important capital and to encourage a shift towards investments in longer term projects, according to European Fund and Asset Management Association (Efama).
In order to achieve this goal the Efama says the
new regulatory framework needs to ensure that the interests and needs of
different types of investors are met and that the right incentives are in place
for Eltifs to become a market success.
Peter De Proft, director general Efama said, “We have long campaigned on the fact that asset managers have an important role to play in the changing landscape of a more capital market based economy. This shift is acknowledged as a tremendously important objective by institutions and regulators worldwide and the Eltifs framework has the potential to become an important tool for long term financing.
"We stand ready to continue our
engagement with EU policy-makers towards the important objective of financing
growth in Europe.”
The Eltif regulation aims at directing investments into
projects and companies in need of long term financing that have difficulties
raising funds on stock markets or securing loans from banks. Funds that want to
use the Eltifs label will have to meet a number of requirements under the
regulation.
Once they meet these requirements, funds will be able to
market the Eltifs across all EU member states.
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