Examples of using Eusef in English and their translations into Polish
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Revise EuVECA and EuSEF legislation.
It also clarifies that host Member States may not charge fees on cross-border EuVECA and EuSEF funds.
The administrative burden on EuVECA and EuSEF managers will be reduced.
Article 5 contains detailed provision on the portfolio composition that characterises a EuSEF.
The current regulations governing the EuVECA and EuSEF funds only allow the involvement of professional investors.
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The proposed rules do not go beyond what is necessary to achieve a common legal framework for EuVECA and EuSEF funds.
The indirect costs on managers for registering EuVECA and EuSEF funds include own funds requirements.
costs for managers willing to set-up EuVECA and EuSEF funds.
The Commission introduced separate draft regulations for EuVECA and EuSEF, as these two types of funds differ in nature.
However, the EuVECA and EuSEF passports are currently available only to smaller fund operators managing asset portfolios below EUR 500 million.
This Regulation maintains the exclusive use of EuVECA and EuSEF labels by EuVECA and EuSEF funds respectively.
The proposed review of the EuVECA and EuSEF regulations contributes to achieving a central EU policy goal: improving SMEs' and social enterprises' opportunities to access loans.
The Commission introduced separate draft regulations for EuVECA and EuSEF, as these two types of funds are different in nature.
This will include amending the EuVECA and EuSEF legislation and proposals for a range of pan-European venture capital funds-of-funds and multi-country funds,
only a small number of funds set up as EuVECA and EuSEF have so far been launched.
innovative companies, EuSEF funds focus on enterprises whose aim is to achieve positive social impact.
it is necessary to achieve clarity regarding the types of instruments a EuSEF should use for such funding.
This Regulation permits the registration of EuVECA and EuSEF funds by those managers in Member States other than the Member States in which those managers are authorised.
346/2013 nor this proposal confers exclusivity on the EuVECA and EuSEF funds in the sector of venture capital
The review of the EuVECA and EuSEF Regulations is closely linked to the Capital Markets Union(CMU) objectives focusing on facilitating SME financing,
the best possible and most comparable information for investing in both EuVECA and EuSEF funds across Europe.
At all times, EuSEF managers shall have sufficient own funds
EuVECA normally focus on providing equity finance for SMEs in the start-up phase of business, whereas EuSEF often have a larger range of qualifying investment tools available,
which introduces a limit of EUR 500 million of capital funds that would delineate the European venture capital funds and EuSEF regimes from the framework established by Directive 2011/61/EU.
Such managers managing EuSEF funds will also have to comply with provisions setting out procedures to measure the extent to which the qualifying portfolio undertakings in which those funds invest achieve measurable positive social impacts.
the risk/reward profile of the investment proposed by the EuSEF.
model implemented by many alternative investment fund managers(2), the ECB considers it appropriate to make explicit the exclusion of any possible leverage in the case of the proposed European venture capital funds and EuSEF regimes 3.
EuVECA normally focus on providing equity finance for SMEs in the start-up phase of business, whereas EuSEF often have a larger range of qualifying investment tools available, such as combined public
Council14 in relation to the EuSEF the information referred to in paragraph 1