(6)Article 16(1) of Directive 2011/61/EU requires AIFMs, and thus also managers of ELTIFs, to employ an appropriate liquidity management system, to adopt procedures which enable them to monitor their liquidity risk, and to ensure the alignment of the investment strategy, liquidity profile and redemption policy of the ELTIF. In that regard, the manager of an ELTIF should have the possibility to select and implement, at its discretion, one or more anti-dilution liquidity management tools or other liquidity management tools. Since ELTIFs can be marketed to retail investors and to enable a high standard of market integrity, in the latter case, the manager of the ELTIF should provide the competent authority of the ELTIF, upon request of that authority, with the information on the choice of the liquidity management tools and their appropriateness in the context of the ELTIF.