Examples of using Eusef in English and their translations into Slovak
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Article 5 containsdetailed provision on the portfolio composition that characterises a EuSEF.
(l) a description of the procedures by which the EuSEF may change its investment strategy or investment policy, or both.
An ELTIF may acquire no more than 25% of the units or shares of a single ELTIF,EuVECA or EuSEF.
Article 7 contains general principles governing the behaviour of a EuSEF manager, notably in the conduct of its activities and its relationship to investors.
It shall be produced in accordance with existing reporting standards andthe terms agreed between the EuSEF manager and the investors.
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Key concepts, such as the EuSEF itself, the EuSEF manager, the qualifying investment tools and the qualifying investment targets are defined.
(c) require information from any person related to the activities of the EuSEF manager or the EuSEF;
(g) a description of the EuSEF's valuation procedure and of the pricing methodology for valuing assets, including the methods used for valuing qualifying portfolio undertakings;
Where managers of collective investment undertakingsdo not wish to use the designation‘EuSEF' then this Regulation does not apply.
Article 9 requires EuSEF managers to have the necessary procedures in place in order to measure and monitor the positive social impacts the qualifying portfolio undertakings are committed to achieve.
To that end,managers that intend to market their funds under the designation‘EuSEF' should inform the competent authority of their home Member State of that intention.
Further EU added value derives from the Regulations, being"single rule books" aiming to ensure that investors have the best possible andmost comparable information for investing in both EuVECA and EuSEF funds across Europe.
Essentially, these definitions aim to draw a clear demarcation line between a EuSEF and other funds which may pursue similar investment strategies but which are not targeting social undertakings.
Issues the consultation will cover include the restrictions on who is able to manage the funds, the level of minimum investment of €100,000 for investors, andwhether non-EU managers should be able to offer EuVECA or EuSEF.
Points(5) ensure that any refusal to, or failure to act,register the managers or EuVECA and EuSEF funds must be substantiated, notified and subject to a right of appeal before the courts.
Registration under this Article shall be valid in the entire territory of the Union and shall allow managers of qualifying social entrepreneurship funds to marketqualifying social entrepreneurship funds under the designation‘EuSEF' throughout the Union.
An evaluation of any barriers that may haveimpeded investment into funds using the designation‘EuSEF', including the impact on institutional investors of other Union law of a prudential nature.
The suitability of the definition of marketing for venture capital and the impact of this definition and differing national interpretations on the operation and viability of social entrepreneurship funds andon the cross-border distribution of EuSEF funds.
This Regulation should therefore require that the EuSEF managers put in place procedures for monitoring and measuring the positive social impacts which are to be achieved by investment into qualifying portfolio undertakings.
It should also be noted that this opinion, while related to the subject,does not touch on the particulars of"social impact investment", nor the EuSEF regulation, which are subjects expressed in previous EESC opinions9.
EuSEF managers shall employ for each EuSEF they manage procedures to measure and monitor the extent to which the qualifying portfolio undertakings, in which the EuSEF invests, achieve the positive social impact that they are committed to.
The right to market one ormore qualifying social entrepreneurship funds under the designation‘EuSEF' in the Union expires with immediate effect from the date of the decision of the competent authority referred to in point(b) of paragraph 2.
The EuVECA and EuSEF Regulations introduced a“European Venture Capital Fund” and a“European Social Entrepreneurship Fund” label respectively that EuVECA and EuSEF funds supporting young and innovative companies or enterprises with the intention of generating positive social impact are permitted to use.
Managers of qualifying social entrepreneurship funds that comply with the requirements set out in this Chaptershall be entitled to use the designation‘EuSEF' in relation to the marketing of qualifying social entrepreneurship funds across the Union.
In the consultation on the review of the EuVECA and EuSEF Regulations respondents, including Member States, very strongly supported allowing large managers authorised under the Alternative Investment Fund Managers Directive 2011/61/EU to manage and market EuVECA and EuSEF funds.
These requirements contain pre-contractual general disclosure obligations in relation to the investment strategy and the objectives of the EuSEF, information on costs and associated charges, and the risk/reward profile of the investment proposed by the EuSEF.
This Regulation lays down uniform requirements and conditions for managers of collectiveinvestment undertakings that wish to use the designation‘EuSEF' in relation to the marketing of qualifying social entrepreneurship funds in the Union, thereby contributing to the smooth functioning of the internal market.