Article 9
Information that ELTIFs need to disclose to investors when transfers are matched as referred to in Article 19(2a) of Regulation (EU) 2015/760 and the timing of such disclosure
The information that ELTIFs are to disclose to investors when matching transfers as referred to in Article 19(2a) of Regulation (EU) 2015/760 shall contain all of the following, as applicable depending on whether the execution price is based on net asset value or not:
predetermined dealing dates and settlement or pay-out periods;
deadlines for the submission of purchase or exit orders;
the frequency at which the matching is available;
where the execution price is calculated by using methods or tools that are different from the net asset value, the specific criteria on the basis of which the execution price is to be determined and the manner in which investors will be informed thereof;
any exit or subscription fees, charges or costs related to the matching of transfer requests that are to be borne by exiting or potential investors;
any notice period for receiving purchase or exit orders;
by when, by whom, and how new investors will be informed that they have acquired the units or shares of the ELTIF, and when and how the exiting investors will receive the corresponding amount for their units or shares of the ELTIF;
the rules that specify how and under which conditions matching is to be carried out on a pro rata basis.
Where an ELTIF provides for the possibility of redemptions during the life of the ELTIF, as referred to in Article 18(2) of Regulation (EU) 2015/760, the ELTIF manager shall inform investors about the differences between such redemptions and the matching referred to in Article 19(2a) of that Regulation, and in particular, about the frequency, periods, execution price and notice period for the matching.