The initial eight participating teams were Germany, England, Italy, the Netherlands, Poland, Portugal, the Czech Republic, and Switzerland. The 2019-2020 edition marked the first instance where the tournament was not completed, and the subsequent edition was canceled due to the pandemic emergency.
Starting from the 2021-2022 edition, Norway and Romania replaced the Netherlands and Switzerland. Additionally, in the 2021-2022 edition, the trophy was awarded without completing all matches due to the inability to reschedule the match between England and Norway. Subsequent editions also faced disruptions, so the title is being awarded to the team leading the standings.
The Under 20 Elite League is a self-governing tournament made up of eight participating federations.
The tournament follows a round-robin format with only one leg. Unlike the previous tournament's format, there are no return matches, resulting in a total of seven matches for each national team.