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Provision history · ELTIF

Art. 14 · Rectification of investment positions

European Long-Term Investment Funds Regulation · 32015R0760 · every version of this act · on EUR-Lex

1 change recorded across 1 version, newest first.

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Version in force Modified +89 −14

Amended by Regulation (EU) 2023/606 32023R0606 on EUR-Lex · Regulation (EU) 2023/2869 32023R2869 on EUR-Lex

Applies from: no date changed

Explanation, written by a model and checked against the cited text

The provision now refers to infringements of the portfolio composition and diversification requirements laid down in Article 13 as a whole, rather than only Article 13(2) to 13(6).

It also newly covers infringements of the borrowing limits set out in Article 16(1), point (a), which the earlier text did not mention.

Cited: Art. 14, v1 · Art. 14, v2

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 14 Rectification of investment positions In the event that an ELTIF infringes the portfolio composition and diversification requirements laid down in Article 13 or the borrowing limits set out in Article 13(2) to 13(6) 16(1), point (a), and the infringement is beyond the control of the manager of the ELTIF, the manager of the ELTIF shall, within an appropriate period of time, take such measures as are necessary to rectify the position, taking due account of the interests of the investors in the ELTIF.