Blog

CSSF: Request for a European Long-Term Investment Fund (ELTIF) (Updated)

Last Updated on May 30, 2025 by Arnaud Collignon

Understanding the Application Process for European Long-Term Investment Funds (ELTIF)

The Commission de Surveillance du Secteur Financier (CSSF) outlines a comprehensive framework for obtaining an authorization as a European Long-Term Investment Fund (ELTIF) and to manage such funds. This guide will walk you through the necessary steps and considerations involved in the application process.

What is an ELTIF?

ELTIFs are investment funds designed to channel capital into long-term investments in the real economy. They aim to provide investors with access to a diversified portfolio while promoting economic growth and job creation.

Key Steps in the Application Process

  1. Preparation of Documentation: Ensure that all required documents are accurately prepared. This includes the fund’s prospectus and investment policy.
  2. Compliance with Regulatory Requirements: Familiarize yourself with the regulatory framework governing ELTIFs to ensure full compliance.
  3. Submission of the Application: Submit your application for authorization to the CSSF, including all supporting documentation.
  4. CSSF Review: The CSSF will review your application to ensure it meets all legal and regulatory standards.
  5. Granting of Authorization: Upon approval, you will receive the authorization to operate as an ELTIF.

Required Documentation

When applying for authorization, you will need to provide:

  • A detailed prospectus of the fund.
  • Information on the management company and its qualifications.
  • Evidence of compliance with investment restrictions.
  • A description of the risk management processes.

Important Considerations

Before submitting your application, consider the following:

  • Ensure clarity in the fund’s investment strategy and objectives.
  • Maintain transparency in the management and operational processes.
  • Establish effective risk management and compliance systems.

External Links

For any further inquiries or assistance, it is advisable to consult directly with the CSSF or a qualified legal advisor to navigate the complexities of the application process effectively.