ESMA_QA_2261

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2261

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Regulatory Context

Regulation : ELTIF

Level 1 Regulation: European Long-Term Investment Funds Regulation (ELTIF) Regulation (EU) 2015/760

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: ELTIF

Subject Matter: ELTIFs granting loans

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Question

Submission Date: 22 August 2024

Can an ELTIF acquire equity or debt instruments issued by another collective investment scheme (CIS) or grant loans to another CIS, i.e. can CISs qualify as qualifying portfolio undertaking as referred to in points a), b) and c) of Article 10(1) of the ELTIF Regulation? If yes, would the conditions set under article 11 or under article 10(1)d) apply? And would the look-through approach referred to in Article 10(2) of the ELTIF Regulation apply in this case, in particular for debt instruments referred to in Article 10(1)(b) of that Regulation issued by CIS, if CIS can qualify as “qualifying portfolio undertaking as referred to in Article 11?

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ESMA Answer

Answer Date: 22-08-2024

No answer has been published yet for this question.

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This document was automatically extracted from the ESMA EMIR Q&A database.