On March 20, 2023, Regulation (EU) 2023/606 of the European Parliament and of the Council of March 15, 2023 was published in the Official Journal of the E.U. The regulation introduces a number of amendments to Regulation (EU) 2015/760 of the European Parliament and of the Council of April 29, 2015 on European long-term investment funds (ELTIF Regulation). The ELTIF Regulation was first introduced in 2015 with the aim of boosting European long-term investments in the real economy. It provides for a fully harmonized regulatory regime to establish a uniform label under which European investment funds can be authorized. ELTIFs are supposed to provide a high level of investor protection to attract private capital – particularly from retail investors – for long-term investments in projects, undertakings and infrastructure developments in Europe. Over the past eight years, however, only around 80 ELTIFs with moderate amounts of assets under management have been established in the European Member States. As a result, ELTIFs have generally been considered a political initiative that failed to reach its projected goals. The amendments that have now been approved by the European Parliament are intended to overcome many obstacles which have been perceived as preventing success of ELTIFs in the past. In a guest article, Willkie Farr & Gallagher partner David Jansen details the purpose of the ELTIF regime; the changes introduced by the revised ELTIF Regulation; and the likely impact on retailization efforts and marketing in the E.U. See our two-part series: “Update on Disclosure and Reporting Requirements for Marketing Funds in Europe Under AIFMD” (May 24, 2022); and “Non‑AIFMD Options for Marketing Funds in Europe and Other Regulatory Considerations” (May 31, 2022).