On 6 February 2025, the Luxembourg Parliament approved Bill No. 8387 (the Bill), finalising the integration of the updated European Long-Term Investment Fund (ELTIF 2.0) requirements into national law. The Law came into effect on 10 February 2025 for its ELTIF-related measures, aligning with Regulation (EU) 2023/606.

Main points of Bill No. 8387

◽ Revised references: It updates references within the law dated 16 July 2019 so that they correspond to the latest ELTIF rules. As ELTIF regulations apply directly at the EU level, Luxembourg’s legislation primarily designates the CSSF as the authority responsible for overseeing compliance.

◽ Administrative sanctions: The Bill ensures the CSSF can impose administrative measures and penalties on ELTIFs that do not follow the new requirements.

◽ Focused implementation: Apart from incorporating the new ELTIF measures, the Bill does not add further local provisions.

What is ELTIF 2.0?

ELTIF 2.0, introduced by Regulation (EU) 2023/606, refines aspects of the original 2015/760 framework by:

◽ Broadening eligible assets: A wider range of investments can be included, making multi-asset and real estate strategies more viable.

◽ Greater outreach: Constraints on retail distribution have been relaxed, potentially drawing a more diverse investor base.

How can we assist?

Our fund administration team is experienced in overseeing a wide range of funds, including ELTIFs. We offer:

◽ Fund accounting & NAV calculations

◽ Registrar & client communication

◽ Fund migration assistance

◽ Fund corporate secretarial services

With these services, asset managers can concentrate on their investment objectives while we manage day-to-day operational tasks and regulatory considerations.

If you are evaluating options related to ELTIF 2.0, contact us to learn how our operational support can complement your strategy in Luxembourg.