(7)ELTIFs should be able to implement investment strategies in long-term assets, which requires that the maximum liquidity to be offered in an ELTIF can be determined and that the probability of suspension of an ELTIF is reduced. For that reason, the manager of an ELTIF should implement the redemption restriction laid down in Article 18(2), first subparagraph, point (d), of Regulation (EU) 2015/760 in such a way that it is ensured that redemptions are limited to a portion of liquid assets and that liquidity mismatches are avoided. To ensure the effective protection of the long-term assets of the ELTIF and the resulting protection of the interests of all investors, the use of redemption restrictions should relate to a wide range and different types of situations, including to stressed market situations.