Article 1, Point (2) · Regulation (EU) 2023/606

Contents

(2)Article 2 is amended as follows:

(a)point (6) is replaced by the following:

(6)‘real asset’ means an asset that has an intrinsic value due to its substance and properties;’;

(b)in point (7), the following point is inserted:

(ca)a reinsurance undertaking as defined in Article 13, point (4), of Directive 2009/138/EC;’;

(c)the following points are inserted:‘(14a)‘simple, transparent and standardised securitisation’ means a securitisation that complies with the conditions set out in Article 18 of Regulation (EU) 2017/2402 of the European Parliament and of the Council^note;(14b)‘group’ means a group as defined in Article 2, point (11), of Directive 2013/34/EU of the European Parliament and of the Council^note;

(d)the following points are added:

(20)‘feeder ELTIF’ means an ELTIF, or an investment compartment thereof, which has been approved to invest at least 85 % of its assets in units or shares of another ELTIF or investment compartment of an ELTIF;

(21)‘master ELTIF’ means an ELTIF, or an investment compartment thereof, in which another ELTIF invests at least 85 % of its assets in units or shares.’;