(20)Pursuant to Article 2, fourth subparagraph, of Regulation (EU) 2023/606 of the European Parliament and of the Council 3 , ELTIFs authorised before 10 January 2024 may choose to be subject to that Regulation. Accordingly, ELTIFs that do not choose to be subject to Regulation (EU) 2023/606 should remain subject to Commission Delegated Regulation (EU) 2018/480 4 .
Recital 20
- 4 Commission Delegated Regulation (EU) 2018/480 of 4 December 2017 supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards on financial derivative instruments solely serving hedging purposes, sufficient length of the life of the European long-term investment funds, assessment criteria for the market for potential buyers and valuation of the assets to be divested, and the types and characteristics of the facilities available to retail investors ( OJ L 81, 23.3.2018, p. 1 , ELI: http://data.europa.eu/eli/reg_del/2018/480/oj ). ↩
- 3 Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules ( OJ L 80, 20.3.2023, p. 1 , ELI: http://data.europa.eu/eli/reg/2023/606/oj ). ↩