Version in force , Modified +305 −38§
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 article heading changed from "Concentration" to "Concentration limits".
Paragraph 1 raised the acquisition ceiling from 25% to 30% and extended the categories of funds covered to include UCITS and EU AIFs managed by an EU AIFM, and it added an exception stating that the limit does not apply where ELTIFs are marketed solely to professional investors nor to a feeder ELTIF investing in its master ELTIF.
Paragraph 2 kept the reference to the concentration limits in Article 56(2) of Directive 2009/65/EC but added an exception excluding cases where ELTIFs are marketed solely to professional investors.
Cited: Art. 15, v1 (external, EUR-Lex) · Art. 15, 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 15
Concentration
limits
1. An ELTIF may acquire no more than 25 30 % of the units or shares of a single ELTIF, EuVECA, EuSEF, UCITS or EuSEF. of an EU AIF managed by an EU AIFM. That limit shall not apply where ELTIFs are marketed solely to professional investors, nor shall it apply to a feeder ELTIF investing in its master ELTIF.
2. The concentration limits laid down in Article 56(2) of Directive 2009/65/EC shall apply to investments in the assets referred to in Article 9(1), point (b) of Article 9(1) (b), of this Regulation. Regulation, except where ELTIFs are marketed solely to professional investors.