Regulatory arbitrage risk of European Long Term Investment Funds
European Long Term Investment Funds represent a new string to Europe's economic bow, writes Silke Bernard, managing associate, Linklaters Luxembourg
The approval on March 10 of the European Union’s regulation on European Long Term Investment Funds (ELTIFs) provides a new tool designed to assist the continent’s emergence from the years of financial crisis and economic sluggishness, and one that offers the financial industry an opportunity to restore its public image, demonstrating that it can be a generator of growth, prosperity and jobs rather than mired in scandal or soaking up taxpayer-funded bailouts.
An EU framework for long-term funds
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