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).