Following on from the proposals for European VenCap and Social Entrepreneurship funds (EuVECA & EuSEF – see Regulatory Roundups 47 & 48), Europe is proposing a further type of collective label, a European Long-term Investment Fund (ELTIF). They are designed to be long term investments (as in investors will be [...]

Regulatory Roundup 47 advised of the proposals to allow managers of Venture Capital or Social Entrepreneurship funds to use the EuVECA or EuSEF designations, as applicable, which would permit – but would not be compulsory – marketing across the EU to professional investors. The two separate regulations have now been [...]

The European Council has adopted (separate) regulations which will allow the managers of Venture Capital or Social Entrepreneurship collective investment undertakings (CIU) that are not UCITS to operate under an EU-wide passport. The effect of the regulations is to set out uniform requirements and conditions for the managers of such [...]