2024R2759 - Summary
COMMISSION DELEGATED REGULATION (EU) 2024/2759 of 19 July 2024 supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management tools, the circumstances for the matching of transfer requests of units or shares of the ELTIF, certain criteria for the disposal of ELTIF assets, and certain elements of the costs disclosure (Text with EEA relevance)
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🇫🇷 French Version: 2024R2759_FR.0. Open the PDF. Direct link to EUR-LEX.
Article 1 - The use of financial derivative instruments solely for hedging purposes
Article 2 - Circumstances in which the life of an ELTIF is compatible with the life-cycles of each of its individual assets
Article 3 - Criteria to determine the minimum holding period referred to in Article 18(2), first subparagraph, point (a), of Regulation (EU) 2015/760
Article 4 - Minimum information about the redemption policy and liquidity management tools to be provided by the manager of an ELTIF to the competent authority of the ELTIF under Article 18(2), first subparagraph, point (b), of Regulation (EU) 2015/760
Article 5 - Requirements to be fulfilled by the ELTIF in relation to its redemption policy and liquidity management tools, as referred to in Article 18(2), first subparagraph, points (b) and (c), of Regulation (EU) 2015/760
Article 6 - Criteria to determine the percentage referred to in Article 18(2), first subparagraph, point (d), of Regulation (EU) 2015/760
Article 7 - Matching of transfer requests as referred to in Article 19(2a) of Regulation (EU) 2015/760
Article 8 - The determination of the execution price and the pro-ratio conditions where transfers are matched as referred to in Article 19(2a) of Regulation (EU) 2015/760, and the level of the fees, costs and charges, if any, related to the transfer
Article 9 - Information that ELTIFs need to disclose to investors when transfers are matched as referred to in Article 19(2a) of Regulation (EU) 2015/760 and the timing of such disclosure
Article 10 - Criteria for the assessment of the market for potential buyers
Article 11 - Criteria for the valuation of the assets to be divested
Article 12 - Common definitions, and calculation methodologies and presentation formats of costs
Article 13 - Entry into force
Annex I - Determination of the maximum percentage referred to in Article 18(2), first subparagraph, point (d), of Regulation (EU) 2015/760 as a function of the redemption frequency and the notice period of the ELTIF, including the extension of the notice period, if any (‘Notice Period’)
Annex II - Determination of the maximum percentage referred to in Article 18(2), first subparagraph, point (d), of Regulation (EU) 2015/760 as a function of the redemption frequency and the minimum percentage of assets referred to in Article 9(1), point (b) of that Regulation