Version in force , Modified +165 −741§
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 heading changes from describing ELTIFs marketed to retail investors to ELTIFs that can be marketed to retail investors, and the article's three paragraphs on establishing an internal assessment process, assessing suitability factors, and providing information to distributors are removed.
In their place, the revised article states that the manager of such an ELTIF is subject to the requirements laid down in Article 16(3), second to fifth and seventh subparagraphs, of Directive 2014/65/EU and in Article 24(2) of that Directive.
Cited: Art. 27, v1 (external, EUR-Lex) · Art. 27, v2 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
texts differ too much for an inline diff; shown separately
Previous version 32015R0760
Article 27 Internal assessment process for ELTIFs marketed to retail investors 1. The manager of an ELTIF, the units or shares of which are intended to be marketed to retail investors, shall establish and apply a specific internal process for the assessment of that ELTIF before it is marketed or distributed to retail investors. 2. As part of the internal process referred to in paragraph 1, the manager of the ELTIF shall assess whether the ELTIF is suitable for marketing to retail investors, taking into account at least: (a) the life of the ELTIF; and (b) the intended investment strategy of the ELTIF. 3. The manager of the ELTIF shall make available to any distributor all appropriate information on an ELTIF that is marketed to retail investors, including all information regarding its life and investment strategy, as well as the internal assessment process and the jurisdictions in which the ELTIF is allowed to invest.
this version, in force 10 January 2024 02015R0760-20240110
Article 27 Internal assessment process for ELTIFs that can be marketed to retail investors The manager of an ELTIF, the units or shares of which can be marketed to retail investors, shall be subject to the requirements laid down in Article 16(3), second to fifth and seventh subparagraphs, of Directive 2014/65/EU and in Article 24(2) of that Directive.