Owen Lysak
January 24, 2026
Owen Lysak Quoted in Ignites Europe on Revised Draft Technical Standards for the ELTIF
1 min
AI-made summary
- The European Securities and Markets Authority (ESMA) has released revised draft technical standards for European long-term investment funds (ELTIF), reducing the previously proposed liquidity requirements
- Owen Lysak commented that the new liquid asset limits align more closely with current market practices for retail funds
- However, he also noted that the technical standards remain highly prescriptive and do not fully consider the unique liquidity needs of these funds.
Partner Owen Lysak was quoted in an Ignites Europe article titled, “ESMA Waters Down ELTIF Liquidity Rules.” The article discussed the European Securities and Markets Authority’s (ESMA) revised draft technical standards for the ELTIF, which lessen the liquidity requirements for European long-term investment funds as compared to the prior iteration of the proposal. Owen noted that the ESMA revisions on liquid asset limits are “much closer to what we see currently in the market for retail funds.” He went on to further add that the technical standards still “remain very prescriptive, and do not really take into account that these funds do not, and probably should not, just rely on a liquidity sleeve to provide liquidity.”~~To read the full article, please click here (subscription required).
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Owen Lysak
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