1 Amendments of Stéphanie YON-COURTIN related to 2021/0377(COD)
Amendment 76 #
Proposal for a regulation
Recital 3
Recital 3
(3) Certain characteristics of the ELTIF market, including the low number of funds, the small net asset size, the low number of jurisdictions in which ELTIFs are domiciled, and a portfolio composition that is skewed towards certain eligible investment categories, demonstrate the concentrated nature of that market, both geographically and in terms of investment type. It is therefore necessary to review the functioning of the ELTIF legal framework to ensure that more investments are channelled to businesses in need of capital and to long-term investment projects. In addition, further action is needed to remove existing tax barriers and introduce tax incentives, in order to ensure an adequate level playing field across Europe that would pave the way for a truly cross-border market for this type of funds.