Stefan Staedter is investment management partner at the law firm Arendt. Photo: Arendt

Stefan Staedter is investment management partner at the law firm Arendt. Photo: Arendt

The European Parliament voted to formally approve amendments to the European Long-Term Investment Fund (Eltif) regulation in February 2023. Following publication in the EU’s official journal, they entered into effect on 9 April. Delano talked about the impact of these changes with eight industry figures.

As part of this series, we asked Stefan Staedter, investment management partner at the law firm Arendt, about how Eltif 2.0 would impact Luxembourg and help the country develop as a distribution centre. Staedter told Delano:

“Thanks to Luxembourg’s experience, from legal advisors to asset management professionals, the country is well-prepared for Eltif 2.0 and to become the European hub for distribution. For an Eltif set up in Luxembourg, the average for distribution is 10 countries. We’re just at the beginning--we’ll see more of this as asset managers continue to discover Luxembourg as a pan-European hub for distribution.”

Staedter stated: “I’ve also had some interesting discussions about digitalisation and using tokens and blockchain. I think it’s a question of time, but there are very creative solutions looking to accelerate distribution, notably in the retail sphere. Now you need to think in hybrid solutions, and see how traditional services can be transformed into large-scale, adaptable services.”

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