LA COMMISSIONE UE ADOTTA IL REGOLAMENTO DELEGATO A INTEGRAZIONE DELLE NORME ELTIF (ELTIF RTS)
“COMMISSION DELEGATED REGULATION (EU) …/... supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management tools, the circumstances for the matching of transfer requests of units or shares of the ELTIF, certain criteria for the disposal of ELTIF assets, and certain elements of the costs disclosure” (Short title: “ELTIF RTS on hedging derivatives, redemption policy, liquidity management tools, trading and transparency requirements”) Financial Stability, Financial Services and Capital Markets Union - FISMA Reference number - C(2024)4991 DELEGATED ACT DETAILS - REGISTER OF DELEGATED ACTS
EUROPEAN COMMISSION
https://ec.europa.eu/
EUROPEAN COMMISSION (Delegated Acts) - Link al TESTO NORMATIVO
Lo scorso mese di luglio, la Commissione europea ha formalmente adottato il Regolamento Delegato che integra gli Standard Tecnici di Regolamentazione dei fondi di investimento a lungo termine europei (ELTIF RTS). In particolare, il Regolamento Delegato mira a specificare gli obblighi relativi agli hedging derivatives, alla politica di rimborso e agli strumenti di gestione della liquidità, alla negoziazione e all'emissione di unità o quote di un ELTIF e ai requisiti di trasparenza(1).
In particolare, i contenuti dell’Allegato 1 e 2 all’Atto delegato determinano la selezione della metodologia di calibrazione della liquidità (Liquidity Calibration Methodology)(2).
L'adozione dell'Atto Delegato e la relativa trasmissione dello stesso ai co-legislatori avvia il periodo di scrutinio (previsto in tre mesi).
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(1) Sul punto, si veda anche:
“Fondi di investimento di lungo termine: il Parlamento europeo approva le modifiche al Regolamento ELTIF”,
in Panorama Assicurativo n. 233, marzo 2023 (Sezione “UNIONE EUROPEA”)
https://www.panoramassicurativo.ania.it/newsletter/84450/articolo/85050
(2) Si veda quanto segue:
EUROPEAN COMMISSION (Delegated Acts) - ALLEGATO 1(C(2024) 4991 final - ANNEX 1)
“ANNEX to the COMMISSION DELEGATED REGULATION (EU) .../... supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European longterm investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management tools, the circumstances for the matching of transfer requests of units or shares of the ELTIF, certain criteria for the disposal of ELTIF assets, and certain elements of the costs disclosure”
https://webgate.ec.europa.eu/regdel/web/delegatedActs/2274/documents/24005?lang=en
EUROPEAN COMMISSION (Delegated Acts) - ALLEGATO 2 (C(2024) 4991 final - ANNEX 2)
“ANNEX to the COMMISSION DELEGATED REGULATION (EU) .../... supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European longterm investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management tools, the circumstances for the matching of transfer requests of units or shares of the ELTIF, certain criteria for the disposal of ELTIF assets, and certain elements of the costs disclosure”
https://webgate.ec.europa.eu/regdel/web/delegatedActs/2274/documents/24004?lang=en