Commission Delegated Regulation (EU) 2024/2759 Article 2: Circumstances in which the life of an ELTIF is compatible with the life-cycles of each of its individual assets

Article 2 - Circumstances in which the life of an ELTIF is compatible with the life-cycles of each of its individual assets

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Article 2

Circumstances in which the life of an ELTIF is compatible with the life-cycles of each of its individual assets

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When assessing whether the life of an ELTIF is compatible with the life-cycles of each of the individual assets of the ELTIF, as referred to in Article 18(3) of Regulation (EU) 2015/760, the manager of an ELTIF shall consider all of the following:

((a))

the liquidity profile of each of the individual assets of the ELTIF;

((b))

the liquidity profile of the ELTIF’s portfolio on a weighted basis;

((c))

the timing of the acquisition and the disposal of each of the individual assets of the ELTIF, assessed against the background of the economic life-cycle of the assets, and the life of the ELTIF;

((d))

the investment objective of the ELTIF;

((e))

where an ELTIF provides for the possibility of redemptions during the life of the ELTIF, the redemption policy of the ELTIF;

((f))

the cash management needs and expected cash-flow and liabilities of the ELTIF;

((g))

the possibility to roll over, or terminate, the exposure of the ELTIF to the individual assets of the ELTIF;

((h))

the availability of a reliable, sound, and up-to-date valuation of the assets in the ELTIF’s portfolio;

((i))

the portfolio composition and the life-cycle management of the ELTIF’s assets throughout the life of the ELTIF.