Venture Capital and Social Entrepreneurship Funds: Update

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 published in the Official Journal dated 25 April which means that they will both enter into force 20 days thereafter and apply from 22 July 2013, the same date as the AIFMD.

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