1.Where an ELTIF provides for the possibility of redemptions during the life of the ELTIF, the redemption policy of the ELTIF shall contain all of the following elements:
(a)the conditions under which redemptions can be granted;
(b)the time window within which redemptions can be granted;
(c)the frequency or periodicity at which redemptions can be granted;
(d)the timing limitations, if any, and the procedures and requirements applicable to the redemptions, including:
(i)the notice period and the extension of the notice period, if any, and a description of how and within which time investors will be repaid;
(ii)the conditions and procedures for redemptions requests;
(iii)the role and responsibilities of the entities involved in the procedures;
(e)whether and how investors can request the cancellation of their redemption requests that have not been fully executed;
For the purposes of point (h), where the ELTIF is marketed to retail investors, the description of the available liquidity management tools shall be written in non-technical terms that enable retail investors’ understanding of those tools.