The European Association of Long-Term Investors AISBL (ELTI) was launched on 5 July 2013 in Paris by 16 European financial institutions. As of November 2020, ELTI is made up of 23 full members and 9 associate members. The European Investment Bank (EIB) holds the status of Permanent Observer. ELTI has no commercial purpose and pursues the following non-profit-making objectives at international level: • represent, promote and defend the shared interests of its Members; • strengthen cooperation, including at an operational level, between European financial institutions as well as with other Institutions of the European Union (EU) acting as long-term financiers; • develop the concept of long-term investment within the economic and financial sector; promote academic research on long-term investments; • inform the EU and its institutions on the role and potential of the Members as institutions and agencies for long-term financing; • strengthen the access of the Members to information on matters related to the EU; • exchange information and experiences among Members and with national and international organisations sharing the Association's interest in the promotion of long-term investment. To that end, the Association proposes to carry out the following activities: • to inform its Members regarding the discussions, initiatives and measures conducted by the institutions of the EU; • to initiate and publish research programmes or studies and to hold conferences for the Members; • to promote convergence and common positions among its Members with a view, in particular, to responding to consultations launched by the European Commission; • to exert influence on EU Institutions and act as a common interlocutor in dealings with such institutions, notably by acting as a spokesperson for its Members in dealings with EU institutions and bodies, without prejudice to the separate freedom of expression of each Member.