Partner Owen Lysak was quoted in an Ignites Europe article titled, “Brussels Drops ELTIF Liquidity Limit.” The article discussed how the European Commission recently put forward a set of amendments to ELTIF standards, including changes to the minimum liquid asset rule, which it says are more proportionate than those proposed by the ESMA late last year. Owen explained that, while the Commission looks to lessen the minimum liquid assets requirement, its amendments “remain prescriptive, seeking to hardwire the specific size of that liquid pool depending on the exact frequency of redemption.” He further noted, “The industry needs time to analyze how all of this has been calibrated and really whether what is possible matches a viable product with investor demand.”~~To read the full article, please click here (subscription required).