Press Release: Long-term investment funds: Council confirms agreement with EP

The Permanent Representatives Committee approved on the 10 December 2014, on behalf of the Council, a compromise agreed with the European Parliament on a regulation aimed at increasing the pool of capital available for long-term investment into the EU economy by creating a new form of fund vehicle.

These European long-term investment funds (ELTIFs), by virtue of the asset classes that they would be allowed to invest in, were expected to be able to provide investors with long-term, stable returns.

• Primary Source

ESO: Background information: Council Conclusions on Finance for Growth and the Long-term Financing of the European Economy http://www.europeansources.info/record/council-conclusions-on-finance-for-growth-and-the-long-term-financing-of-the-european-economy/

European Commission: DG Communication: RAPID: MEMO/15/4423, 13.02.15: European Long-term Investment Funds - frequently asked questions http://europa.eu/rapid/press-release_MEMO-15-4423_en.htm

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