Version in force , Modified +128 −20§
Amended by Regulation (EU) 2023/606 32023R0606 on EUR-Lex (external, EUR-Lex) · Regulation (EU) 2023/2869 32023R2869 on EUR-Lex (external, EUR-Lex)
Explanation, written by a model and checked against the cited text
The objective clause changes from raising and channelling capital towards European long-term investments to facilitating the raising and channelling of capital towards long-term investments, dropping the word European before investments.
The revised text adds language stating that the investments include those that promote the European Green Deal and other priority areas, which was not present before.
Cited: Art. 1, v1 (external, EUR-Lex) · Art. 1, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version 32015R0760 → this version, in force 10 January 2024 02015R0760-20240110
Article 1
Subject matter and objective
1. This Regulation lays down uniform rules on the authorisation, investment policies and operating conditions of EU alternative investment funds (EU AIFs) or compartments of EU AIFs that are marketed in the Union as European long-term investment funds (ELTIFs).
2. The objective of this Regulation is to raise facilitate the raising and channel channelling of capital towards European long-term investments in the real economy, including towards investments that promote the European Green Deal and other priority areas, in line with the Union objective of smart, sustainable and inclusive growth.
3. Member States shall not add any further requirements in the field covered by this Regulation.