BaFin Calls for Clearer “Warning” Labels on ELTIF Products

BaFin President Mark Branson is calling for more consumer education regarding the relatively new distribution of European Long-Term Investment Funds (ELTIFs). The German chief financial regulator recommends that the illiquidity of these products—for example, capital is tied up in infrastructure projects for the long term and cannot be withdrawn early—should be made clearer, perhaps through a penalty label…