EU venture capital fund regulation gets green light
The European parliament and council has approved a new proposed regulation for managers of European venture capital funds (EuVECA).
It will allow venture capital fund managers to market EU qualifying funds to certain EU investors in the form of a ‘marketing passport’. It is less burdensome than the Alternative Investment Fund Managers Directive (AIFMD), which will improve an entirely new regulatory regime on private equity, hedge and venture capital fund managers.
It is envisaged that the regulation will come into force on 22 July 2013 to coincide with the implementation of AIFMD…
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