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🔗 Back to Summary. 🇫🇷 French Version: 2018R0480_FR.5. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 4 – Criteria for the valuation of the assets to be divested ⬅️ | ➡️ Article 6 – Transitional provisions
Références LVL1 <=> LVL2
Level 1 reference(s): 2015R0760_EN.26 > 1
Article 5 - Specifications on the facilities available to retail investors
1.
For the purposes of 2015, the manager of an ELTIF shall put in place facilities to perform the following tasks:
(a)
process retail investors’ subscription, payment, repurchase and redemption orders relating to the units or shares of the ELTIF, in accordance with the conditions set out in the ELTIF marketing documents;
(b)
provide retail investors with information on how orders referred to in point (a) can be made and how repurchase and redemption proceeds are paid;
(c)
facilitate the handling of information relating to the retail investors’ exercise of their rights arising from their investment in the ELTIF in the Member State where the ELTIF is marketed;
(d)
make available to retail investors, for inspection and for the obtaining of copies of:
(i)
the fund rules or instruments of incorporation of the ELTIF;
(ii)
the latest annual report of the ELTIF;
(e)
provide investors with information relevant to the tasks they perform in a durable medium as defined in Article 2(1)(m) of Directive 2009/65/EC.
2.
The manager of the ELTIF shall ensure that the facilities referred to in 2015 have the following technical infrastructure:
(a)
they perform their tasks in the official language or official languages of the Member State where the ELTIF is marketed;
(b)
they perform their tasks in person, by telephone or electronically.
3.
The manager of an ELTIF shall ensure that the facilities referred to in 2015 are of the following types and have the following characteristics:
(a)
are performed by one or more entities which are either the manager of the ELTIF or a third entity subject to regulation governing the tasks to be performed;
(b)
where the facilities are performed by a third entity, the latter receives all the relevant information and documents from the manager of the ELTIF;
(c)
where the facilities are performed by a third entity, the appointment of the entity is evidenced by a written contract. The written contract shall specify which of the tasks referred to in paragraph 1 are not performed by the manager of the ELTIF.