ELTIFs 2.0: legal and operational perspectives

Legal, operational and compliance teams in AIFMs and ELTIFs' depositaries.

The long-awaited reform of the ELTIF (European Long-Term Investment Fund) regulation has been adopted by the Parliament on the 15th of Feb 2023. While not fulfilling all its promises, the new regulation improves the attractiveness of the ELTIF regime. By providing clarifications and removing some of the obstacles met with the ELTIF's 2015 iteration, AIMA expects this updated framework to result in an additional EUR100bn in alternative assets funding over the 5 coming years.

• Do you want to learn about the ELTIF regime's advantages, understand its legal and operational constraints?

Along with its experts, PwC Academy is pleased to offer this dedicated training designed to provide professionals with a comprehensive overview on this updated regime.

By the end of this session, participants will understand the different components of the ELTIF regime as updated by the regulation reform, as well as the legal and operational constraints associated with an ELTIF's setup.

• Walk through the various articles of the ELTIF regulation
• Challenges for service providers (AIFMs and depositaries in particular)

This training is coordinated by Xavier Balthazar and Mathieu Scodellaro, Partners in the Regulation, Risk and Compliance practice at PwC Luxembourg.

• Xavier Balthazar is a partner in the regulatory practice at PwC Luxembourg, specialising in financial sector and funds regulations. He has extensive experience in setting up and restructuring investment funds, management companies, and financial sector professionals both in Luxembourg and internationally, focusing on their organisation, processes, and procedures. Xavier serves as a regulatory compliance expert for depositary banks and fund administrations and leads a regulatory watch service for banks and asset managers. His expertise includes legal and regulatory aspects of investment funds, licensing of financial professionals, and UCITS and alternative investment funds. He has contributed to client projects involving licensing, compliance adaptation, fund administration, and regulatory training, and is a recognised speaker at industry conferences.
• Mathieu Scodellaro is a partner in the Regulation, Risk, and Compliance practice at PwC Luxembourg, specialising in alternative investment funds and their service providers. He works across diverse strategies including private equity and real estate, supporting clients ranging from established asset managers to first-time fund managers. His expertise covers initial fund structuring, ongoing fund documentation maintenance, and managing exceptional events impacting funds. Mathieu has played a key role from the early stages of projects, acting as a business partner to clients. His work includes restructuring UCITS and alternative funds, strategic service provider restructuring, and delivering internal and external trainings on regulatory roles, depositary regimes, and Luxembourg’s sanction regime.