(5)With respect to ELTIFs that provide for the possibility of redemptions during their life in accordance with Article 18(2) of Regulation (EU) 2015/760, in the interest of legal certainty of ELTIFs and their investors it should be noted that in some Member States, the redemption policy is not always included in the articles of incorporation. That is because in some Member States the articles of incorporation typically specify the purpose of the company or the fund, its registered office, its general meetings, the powers of the board of directors and other details pertaining to the setup of the ELTIF, but not the policies or procedures implemented by a third party, including the alternative investment fund manager (AIFM) managing the fund. In the interest of transparency and investor protection, the manager of an ELTIF should provide the competent authority of the ELTIF with certain minimum information that demonstrate that the ELTIF has in place an appropriate redemption policy and liquidity management tools that are compatible with the long-term investment strategy of the ELTIF.