Mar 15, 2018 changes to the European Venture Capital Funds Regulation (the “EuVECA Regulation”);. • changes to European data protection rules under 

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Fund has a competitive advantage stems from cutting-edge proprietary technologies and innovations with a clear and unique vision on EuVECA. The European Venture Capital Fund (EuVECA) Regulation offers a voluntary EU-wide marketing passport to qualifying fund managers, while sparing them the costs associated with authorisation and compliance with the AIFMD, such as the requirement to appoint a depositary. European Venture Capital Funds (EuVECAs) In order to benefit from the advantages attached to the registration as European Venture Capital Fund (“EuVECA”) manager and the EuVECA fund label, Alternative Investment Fund Managers (“AIFMs”) and the venture capital funds they manage must comply with the specific requirements laid down by the Regulation European venture capital funds (EuVECA) - Regulation (EU) No 345/2013 | European Commission. EuVECA is distinguished from a European Social Enterprise Fund mostly by its investments which are not required to have the primary objective of achieving measurable, positive social impacts. A fund that grows beyond the €500m limit must gain authorisation under the AIFMD - subject to which it may continue to use the EuVECA designation if it meets the other EuVECA requirements. Se hela listan på ec.europa.eu The Securities Market Agency is a legal entity of public law.

Euveca funds

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Se hela listan på alfi.lu Larger managers above the AIFMD threshold will now be able to register a fund under EUVECA if a sufficient amount of the fund's target acquisitions fit within the definitions above. Some managers may wonder why they would do this given they could just market under an AIFMD passport, but EUVECA funds can be marketed to sophisticated retail investors as long as they invest more than €100,000. 2.1 The proposal pursues the objective of coordinating the EuVECA and EuSEF funds with the measures already adopted at EU level to stimulate an economic upturn (e.g. Investment Plan for Europe, Action Plan on Building a Capital Markets Union, European Fund for Strategic Investments). The EuVECA and EuSEF label allows fund managers to market these funds across the EU to professional investors and to non-professional investors able to commit a minimum of €100,000. Given the importance of making progress towards the Capital Markets Union, the Commission decided to bring forward the general review originally planned for July 2017.

What is an EuVECA fund? The Regulation covers a sub-category of EU-based alternative investment funds that focus on start-ups and early stage companies.

European Venture Capital Fund (EuVECA) - such funds being the subject of the European Union Regulation 345/2013. The regime is optionally available to fund managers in the European Economic Area (EEA) that fall below the €500m threshold of the Alternative Investment Fund Managers Directive (AIFMD).

These investment funds can be marketed throughout the EU and benefit from a lighter regime This enables UK fund managers that fall below the threshold at which AIFMD would apply to them (€500 million assets under management, provided the AIF are not leveraged and investors have no redemption rights for the first five years) to market their EU funds across Europe without having to comply with the more onerous requirements that come with the AIFMD passporting regime. Se hela listan på smp.law EuVECA-Label: Nunmehr können alle vollregulierten Manager mit einem verwalteten Vermögen von mehr als 500 Millionen € Fonds unter der Bezeichnung EuVECA-Fonds EU-weit an professionelle und semi-professionelle Investoren vertreiben. On 14 September the European Parliament approved a revised version of the so-called EuVECA and EuSEF regulations. The Regulations no.

EuVECA and EuSEF are voluntary fund frameworks so their take-up depends on stakeholder interest in setting up such fund vehicles. Funds complying with these regulations receive a marketing passport which allows them to collect capital from investors across the EU, who are able to commit at least €100,000.

Euveca funds

Once registered, an EuVECA fund can be marketed across the EU to professional investors (as outlined above) and to use the terms “European Venture Capital Fund” and “EuVECA”.

Euveca funds

Dem steht der Nachteil eines aufwendigen und teuren Registrierungsverfahrens gegenüber. Se hela listan på alfi.lu ESMA makes available two databases of managers of European Venture Capital Funds (EuVECA) registered in the Member States of the European Union (EU), as required by Article 17 of the EU Regulation N. 345/2013, of 17 April 2013, on European Venture Capital Funds (the EuVECA Regulation), and managers of Social Entrepreneurship Funds (EuSEF) registered in the Member States of the EU, as required by Article 18 of the EU Regulation N. 346/2013, of 17 April 2013, on European Social European Venture Capital funds. By registering a fund under the “EuVECA” designation, the fund manager obtains a passport to market its fund in the EU without having to comply with different national regulations on AIFs. This in turn is thought to provide new sources of financing for SMEs.2 EuVECA Funds The definition and conditions for pre-marketing of EuVECA Funds are set out in the New Regulation amending the EuVECA Regulation and are equivalent to the conditions set out above.
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Funds complying with these regulations receive a marketing passport which allows them to collect capital from investors across the EU, who are able to commit at least €100,000. In the context of "Europe 2020", the European Parliament and the European Council jointly adopted the final text of the European Venture Capital Funds Regulation (EuVECA Regulation) in April 2013. This Regulation proposes harmonised requirements for EuVECA funds and allows managers to benefit from an EU-wide distribution passport to market to professional investors. It is necessary to lay down a common framework of rules regarding the use of the designation ‘EuVECA’ for qualifying venture capital funds, in particular the composition of the portfolio of funds that operate under that designation, their eligible investment targets, the investment tools they may employ and the categories of investors that are eligible to invest in them by uniform rules in the Union.

The EuVECA and EuSEF label allows fund managers to market these funds across the EU to professional investors and to non-professional investors able to commit a minimum of €100,000. Given the importance of making progress towards the Capital Markets Union, the Commission decided to bring forward the general review originally planned for July 2017. Starting a small business is a large undertaking and needs to be backed-up with not only an innovative idea but also money.
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If a fund manager does not wish to use the EuVECA designation, then it does not have to comply with the Regulation. A Venture Capital fund manager, whether eligible for EuVECA or not, may, in any event, always elect to voluntarily apply the AIFMD and acquire an EU marketing passport via that route.

The EuVECA Regulation is a specialist alternative investment fund (AIF) regime available to alternative investment fund managers (AIFMs) under the Alternative Investment Fund Managers Directive (2011/61/EU) (AIFMD).

The purpose of the EuVECA Regulation is to enhance the growth and innovation of small and medium-sized enterprises (SMEs) in the EU. Investments in 

av FS Authority · 2018 — 22European VentureCapital Funds (EuVECA). | 23European Social Entrepreneurship Fund (EuSEF). 18.

6 EuVECA funds registered in Sweden: Bridge 140 AB, CCP Investment AB, eEquity AB, eEquity III AB, Goldcup 9877 AB and MVI Fund I AB. 7 As of 16 November 2016. 10 1.3 Method and materials 1.3.1 General on method and materials In this Thesis I have employed the … frameworks – the European venture capital funds (EuVECA) and the European social entrepreneurship funds (EuSEF) – aimed at small fund managers, which would invest mainly in SMEs and social undertakings respectively.