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Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (Text with EEA relevance) article 20 CELEX: 02015R0760-20240110 Issuance of new units or shares
1. An ELTIF may offer new issues of units or shares in accordance with its rules or instruments of incorporation. 2. An ELTIF shall not issue new units or shares at a price below their net asset value without a prior offering of those units or shares at that price to existing investors in the ELTIF. |