Tag: AIFMD

AIFMD: ESMA Updates Q&As

The European Securities & Markets Authority has updated its questions and answers on the application of the Alternative Investment Fund Managers Directive. The latest update includes 4 new questions:

ECB Opinion on proposed changes to the European Venture Capital & Social Entrepreneurship Funds Regulations

The European Central Bank’s formal Opinion on the proposed changes to the European Venture Capital and Social Entrepreneurship Regulations has been published in the Official Journal. The ECB:

Amending the European Venture Capital & Social Entrepreneurship Funds Regulations to increase investments in SMEs – Part III

The European institutions have been working on a Regulation that will amend the European Venture Capital Funds Regulation (EuVECA Regulation) and the European Social Entrepreneurship Funds Regulation (EuSEF Regulation), to make it easier for qualifying Alternative Investment Funds to invest in small and medium entreprises. The backstory, original draft text, and […]

The #AIFMD for non-EU Fund Managers: a brief update on the 3rd-country passport

Steven Maijoor, chair of the European Securities & Markets Authority (ESMA), has given a brief “update and next steps” report to the Economic and Monetary Affairs Committee of the European Parliament, about ESMA’s work on the AIFMD 3rd-country passport. After reviewing the relevant history, which is summarised in our earlier blogs (here, […]

Amending the European Venture Capital & Social Entrepreneurship Funds Regulations to increase investment in SMEs

The European institutions have been working on a Regulation that will amend the European Venture Capital Funds & European Social Entrepreneurship Funds Regulations, to make it easier for qualifying Alternative Investment Funds to invest in SMEs. The backstory is here. The Presidency has recently published an updated compromise proposal on […]

Amending the European Venture Capital & Social Entrepreneurship Funds Regulations to increase investment in SMEs

In July 2016, the European Commission published proposals to amend the European Venture Capital and Social Entrepreneurship Funds Regulations; and submitted them to the Parliament and Council for possible adoption under the co-decision procedure. The aim of the proposals was to boost investment in small and medium sized innovative companies by (a) making it easier […]

The #AIFMD for non-EU Fund Managers: why it might soon be easier to market a Fund into the EU

At the moment, a non-EU PEVC fund manager (Fund Manager), managing a non-EU PEVC fund (Fund), can only market* that Fund in the EU if it complies with the National Private Placement Regime (NPPR) in every relevant EU country. That usually means: giving notice to, registering with, or securing the permission […]