Examples of using Eusefs in English and their translations into German
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Financial
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
The identity of the persons who effectively conduct the business of managing EuSEFs;
They could ensure efficient capital flows to EuSEFs and ultimately the qualifying portfolio undertakings in which the funds invest.
It is necessary for the purpose of investor protection to ensure that EuSEFs assets are properly evaluated.
This Regulation should establish uniform rules on the nature of EuSEFs, notably on the portfolio undertakings into which the EuSEFs are to be permitted to invest, and the investment instruments to be used.
These include equity instruments, debt instruments, investments into other EuSEFs and long and medium term loans.
Therefore, this Regulation should lay down uniform, proportionate requirements for the need to maintain adequate technical and human resources as well assufficient own funds for the proper management of EuSEFs.
Article 17 entrusts ESMA with thetask to maintain a central database listing all EuSEFs that are registered across the Union.
In order to ensure that EuSEFs have a distinct and identifiable profile which is suited to their purpose, there should be uniform rules on the composition of the portfolio and on the investment techniques which are permitted for such funds.
The proposed Regulation on European Social Entrepreneurship Funds(EuSEFs) is complementary to the proposed Regulation[…] on Venture Capital Funds.
In order to ensure that EuSEFs do not contribute to the development of systemic risks, and so as to ensure that such funds concentrate, in their investment activities, on supporting qualifying portfolio companies, borrowing or leverage at the level of the fund should not be permitted.
At the same time,these requirements aim to ensure transparency in relation to the specific nature of EuSEFs, particularly as regards the positive social outcome which shall be achieved by the investment policy.
Therefore, this Regulation should lay down uniform rules on the eligible instruments to be used by a EuSEF when making investments, which include equity instruments, debt instruments,investments into other EuSEFs and short and medium term loans.
The use of the different qualifying investments by EuSEFs and how this has impacted the development of social undertakings across the Union;
In order to maintain transparent conditions for the marketing of EuSEF managers across the Union, the European Securities and Markets Authority(ESMA)should be entrusted with maintaining a central database listing all EuSEFs that are registered in accordance with this Regulation.
The objective of this Regulation, namely to develop a an Internal Market for EuSEFs by laying down a framework for the registration of EuSEF managers facilitating the marketing of EuSEFs throughout the Union, can only be achieved at Union level.
In calculating the threshold referred to in paragraph 1 managers of collective investment undertakings who manage funds other than EuSEFs will not need to aggregate the assets managed in these other funds.
It is necessary toremove significant obstacles to cross-border fundraising by EuSEFs and to avoid distortions of competition between those funds, and to prevent any further likely obstacles to trade and significant distortions of competition from arising in the future.
No confidential information which those persons receive in the course of their duties shall be divulged to any person or authority whatsoever,save in summary or aggregate form such that EuSEF managers and EuSEFs cannot be individually identified, without prejudice to cases covered by criminal law and proceedings under this Regulation.
To maintain the necessary flexibility in its investment portfolio, EuSEFs may also invest in other assets than qualifying investments to the extent that these investments do not exceed the limits set by this Regulation for non-qualifying investments.
Article 2 specifies that this Regulation applies to managers of collective investment undertakings as defined in Article 3(1)(b) of this Regulation that are established in the Union and who are subject to registration with the competent authorities in their home member states in accordance with Article 3(3)(a) of Directive 2011/61/EC,provided that they manage portfolios of EuSEFs whose assets under management in total do not exceed a threshold of EUR 500 million.