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01/01/2017

Compromise proposals to amend EuVECA and EuSEF Regulations

Following the initial proposal of the Commission on 14 July 2016, four compromise proposals ( the last dated 28 november 2016) have been subsequently issued by the Council to amend the European Venture Capital Funds Regulation (EuVECA Regulation) and the European Social Entrepreneurship Funds Regulation (EuSEF Regulation).

Following the initial proposal of the Commission on 14 July 2016, four compromise proposals ( the last dated 28 november 2016) have been subsequently issued by the Council  to amend the European Venture Capital Funds Regulation (EuVECA Regulation) and the European Social Entrepreneurship Funds Regulation (EuSEF Regulation).In its 2016 review, the Commission has noted that these funds remain small and concentrated in a few Member States . Three main obstacles to further growth have been identified: limitations imposed on managers; product rules; and the (varying) application of regulatory fees in Member States with regards to funds' marketing and management. To overcome those obstacles, the Commission has identified some measures that − by removing limitations on larger managers managing EuVECA and EuSEF funds,decreasing costs for EuVECA and EuSEF funds, and broadening the range of eligible assets EuVECA funds may invest in − should increase investment into these funds.