If a fund manager does not wish to use the EuVECA designation, then it does not have to comply with the Regulation. A Venture Capital fund manager, whether eligible for EuVECA or not, may, in any event, always elect to voluntarily apply the AIFMD and acquire an EU marketing passport via that route.

The take up of EuVECA by the venture capital sector has been slow, largely owing to restrictive eligibility criteria. EuVECA is currently under review as part of the Capital Markets Union initiative. A proposal published by the European Commission includes modest improvements to liberalise the eligibility criteria and reduce the administrative

Success or failure? Since April 2013, 39 EuVECA Managers have been notified (managing 70 funds). 2017-05-09 22 May 2019 EuVECA New Rules on EuVECA Conflicts of Interest. On 22 May 2019 the European Commission adopted delegated regulation specifying different types of conflicts of interest of managers of European Venture Capital Funds (EuVECA) and the steps to be taken in terms of structures, organisational and administrative procedures. EuVECA managers are subject to significantly lighter regulations than a fully licensed AIF-Manager but still with market access across Europe.

Venture capital investment provides finance to start-ups and early stage companies, forming an important source of long-term financing to young and innovative companies who believe in their new creations. Luxembourg welcomes its first European Venture Capital Fund (EuVECA) manager and EuVECA Fund The first ever Luxembourg based EuVECA manager has been registered with the CSSF with effect as of 18 June 2015. This brings the EuVECA registrations to 27 at EU level. (by Catherine Pogorzelski, LPEA members) European venture capital funds (EuVECA) regulation enables smaller private equity and venture capital managers to market their funds across the EU more easily. EuVECA manager (regulation 10(4) of AIFMD UK Regulation)(This is the correct application form.

2017-05-09

A EuVECA manager must also file the same annual reporting on its assets under management which a merely registered sub-threshold manager is required to submit. In addition, a EuVECA manager must have sufficient financial as well as technical and personal resources available, must meet certain organizational requirements and must ensure a regular, transparent valuation of the managed assets.

23 Feb 2021 EU Alternative Investment Fund Managers Directive (AIFMD) marketing passport (other than through the EUSEF and EUVECA programmes),

The take up of EuVECA by the venture capital sector has been slow, largely owing to restrictive eligibility criteria. EuVECA is currently under review as part of the Capital Markets Union initiative.

In addition, a EuVECA manager must have sufficient financial as well as technical and personal resources available, must meet certain organizational requirements and must ensure a regular, transparent valuation of the managed assets.
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INFORMATION REGARDING THE POLICIES ON THE INTEGRATION OF SUSTAINABILITY RISKS IN THE INVESTMENT DECISION-MAKING PROCESSES Introduction. The objective of Regulation (EU) 2019/2088 is … Manager whether a fund has been registered as an EuVECA. The regulation prohibits member states of the EU from fees and other charges on EuVECA and EuSEF managers if no supervisory task is required to be performed. Fully authorised alternative investment fund managers are permitted to manage EuVECA.

3 Article 12. The EuVECA label attaches (if the manager so wishes) to the funds of those asset managers that are not required to become authorised under the AIFMD because they are sub-threshold managers Basic information - Register. Selected Register: Refine search If you are a manager wishing to use the EuVECA label for a fund, you will have to demonstrate that a high percentage of investments in the fund (70% of the capital received from investors) is invested in small and medium sized enterprises that meet the definition of a qualifying portfolio undertaking as per article 3 of Regulation 2017/1991. Following the review of the Regulation, the EuVECA marketing passport provides a major potential benefit to both venture capital and private equity managers.
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Since April 2013, 39 EuVECA Managers have been notified (managing 70 funds). The table below refers to the number of EuVECA Managers per Member State over the last four years.

Competent authority: Comissão do Mercado de Valores Mobiliários – CMVM Guidance on applications for EuVECA managers. Regulation (EU) No. 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds, (“the EuVECA Regulation”), applies to managers of qualifying venture capital funds that wish to use the designation “EuVECA” and meet the following conditions: EuVECA manager. This content is not in force for the date you have requested. It was last in force on 31/12/2020. Please follow this link to see the content that was last in force.