The European venture capital funds (EuVECA) Regulation provides for a type of Alternative Investment Fund (AIF) that directs investment into small and medium-sized enterprises. The European social

Sep 5, 2019 ('EuSEF'), European venture capital funds ('EuVECA') and packaged retail and insurance-based investment products ('PRIIPs') regulations.

Oct 12, 2018 other possible outcome: that there is a “cliff-edge” Brexit in March 2019 covers managers of European Venture Capital Funds (EuVECA), Feb 20, 2020 EuVECA on the road to success – But does the brexit harm? EuVECA has proven to be a sensible supervisory regime for managers of venture The European venture capital funds (EuVECA) regulation covers a subcategory of alternative investment schemes that focus on start-ups and early stage LEGAL EASE: Birth of EuVECA. Gawain Hughes The EuVECA passport criteria differ from those under AIFMD. Brexit and Covid: Waiting for the dust to settle.

However, with a Hard Brexit, UK entities will lose their passporting rights and services. UK firms providing brokerage services to Maltese clients under the MiFID definition will no longer fall within scope of MiFID post Hard Brexit. The temporary permissions regime (TPR) enables relevant EEA firms and funds that were passporting into the UK when the transition period ended to continue operating temporarily in the UK now that the passporting regime has fallen away. Draft statutory instruments for EuVECA and EuSEF Regulations published by HM Treasury: Brexit SIs Practical Law UK Legal Update w-017-3492 (Approx. 3 pages) Proposed amendments on EuVECA & EuSEF regulation 01/09/2017 On 30 May 2017, the EU Council and EU Parliament have reached political agreement at trilogue negotiations on rules governing investment funds in relation to venture capital and social enterprises.

CSSF cautions fund industry on implications of expiry of UK’s Brexit transition period The CSSF has set out in a press release of December 7 the implications for the fund industry of the end of the UK’s 11-month transition period following its withdrawal from the EU on January 31.

Brexit … 2017-01-09 On 30 May 2017, the EU Council and EU Parliament have reached political agreement at trilogue negotiations on rules governing investment funds in relation after Brexit. The Alternative Investment Fund Managers Regulations 2013 PART 1 Introductory provisions 1. Citation and commencement “EuVECA Regulation” means Regulation (EU) No 345/2013 of the European Parliament and the Council of 17 April 2013 on European venture capital funds as 2016-08-10 EuVECA will be allowed to invest in larger unlisted companies employing less than 500 and SMEs listed on growth markets with a market capitalization not exceeding 200 million euro. To entrust ESMA with the responsibility for drafting regulatory standards to determine what constitutes "sufficient own funds" for managers of EuVECAs and EuSEFs to ensure that member states do not impose different 2017-05-09 EuSEF and EuVECA - Update 05/03/2015.

Feb 20, 2020 EuVECA on the road to success – But does the brexit harm? EuVECA has proven to be a sensible supervisory regime for managers of venture

The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the EuSEF and EuVECA Regulations. The EuVECA Regulation introduced a “European Venture Capital Fund” label that qualifying funds supporting young and innovative companies were permitted to use and enabled these qualifying funds to be marketed cross-border without additional barriers in order to meet their investment needs. With the Brexit transitional period over, UK alternative investment fund managers (AIFMs) looking to market alternative investment funds (AIFs) in the EU find themselves subject to a quite different regulatory environment.

Cross-Border Distribution of Investment Funds (CBDF) ESG Disclosure Regulation. Guide to VC fundraising. Foreign Direct Investments.
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Applicants seeking registration as a fund manager pursuant to the Regulation No. 345/2013 of the European Parliament and of Further details of the HM Treasury and FCA's Brexit proposals for investment funds are only 34 EuVECA funds were registered (raising EUR 1.3bn in capital ).

Consequently, there is no certainty at this time that the transitional arrangement will come into effect. EuVECA II has opened up a new investor base for larger AIFMD-authorised fund managers, who can market their qualifying EuVECA funds to semi-professional investors across the EU. EuVECA member guides Invest Europe offers its members exclusive guides to policy, compliance, and many current issues affecting the industry.
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EuVECA label. To register for the EuVECA label and market their funds across the EU, managers of venture capital funds must set up a fund that: invests 70% of

MiFID. DAC 6 Consequently, there would be no significant impact of Brexit on such AIFMs unless they had registered (or planned to register) their AIF for marketing under the EuVECA or EuSEF regimes. On 14 July 2016, the European Commission proposed modifications to the regulations on European Venture Capital Funds (EuVECA) and European Social Ent Find links to implementing and delegated acts for Regulation (EU) No 345/2013 on on European venture capital funds (EuVECA). 2016-11-15 · The Commission's original proposal to amend the EuVECA and EuSEF Regulations (July 2016) required the European Securities Markets Authority ("ESMA") to draft regulatory standards to determine what constitutes "sufficient own funds". Since this initial amendment proposal, two compromise texts have been published by the Presidency of the EU Council. At 11pm (local time) on 31 January 2020, the United Kingdom ("UK") will leave the European Union ("EU"), an event often referred to as "Brexit". A transitional period will take effect CYCAP Opportunity Fund, LP (revoke 27/07/2020) Licence Number: LPAIF06/2014 EuVECA.

Dec 10, 2020 to develop them, and funds regulated under the EuVECA Regulation or the It is clear that the UK, as the end of the Brexit transition period

2016-11-15 · The Commission's original proposal to amend the EuVECA and EuSEF Regulations (July 2016) required the European Securities Markets Authority ("ESMA") to draft regulatory standards to determine what constitutes "sufficient own funds". Since this initial amendment proposal, two compromise texts have been published by the Presidency of the EU Council. At 11pm (local time) on 31 January 2020, the United Kingdom ("UK") will leave the European Union ("EU"), an event often referred to as "Brexit". A transitional period will take effect CYCAP Opportunity Fund, LP (revoke 27/07/2020) Licence Number: LPAIF06/2014 2020-01-31 · In our alert of 14 September 2018 ("6 Months to Brexit: Implications and Contingency Planning for Fund Managers"), we provided a detailed note as to the advantages and disadvantages of the various contingency planning options available to full-scope EU and UK AIFMs in the event of a "hard Brexit". EuVECA News: Lawson Conner have been awarded the coveted EuVECA designation, from the European Securities and Markets Authority (ESMA). Move solidifies London’s position as Europe’s leading VC and tech investment hub, despite concerns over Brexit EuVECA will be allowed to invest in larger unlisted companies employing less than 500 and SMEs listed on growth markets with a market capitalization not exceeding 200 million euro. To entrust ESMA with the responsibility for drafting regulatory standards to determine what constitutes "sufficient own funds" for managers of EuVECAs and EuSEFs to ensure that member states do not impose different The amendments to the EuVECA Regulations and the EuSEF Regulations will apply from 1 March 2018.

Own funds shall at all times amount to at least one eighth of the fixed overheads incurred by the manager in the preceding year. Other conditions also apply for both types of fund. Brexit Hot topics LMA developments ISDA developments Coronavirus (COVID-19) Horizon scanning and useful websites for Banking & Finance lawyers ICMA developments FIA developments LIBOR and benchmarks Case trackers and analysis Weekly highlights Lending Lending chronology Parties involved in loan transactions The facility agreement The EuVECA and EuSEF regulations came into force in July 2013. They establish a framework for investment funds which invest in unlisted SMEs. They are both part of the Europe 2020 Strategy set out by the Commission on 3 March 2010, and EuSEF are also part of the Social Business Initiative launched on 25 October 2011. Part of Brexit HM Treasury. Guidance The Alternative Investment Fund Managers (Amendment) (EU Exit) (EuVECA), European Social Entrepreneurship Funds (EuSEF), Sub-threshold EU AIFMs – impact of Brexit.