I 2018 ble GDPR innført via ny personopplysningslov og det kom også en oppdatert hvitvaskingslov. Vi venter på innføring av PRIIPS-forordningen og nye krav til oppfølging av ESG og «sustainability risk» for alternative investeringsfond. Finansbransjen har de seneste årene vært gjenstand for stadig strengere regulering...
The Swedish Supreme Administrative Court (Sw. Högsta Förvaltningsdomstolen, “SAC”) has published a verdict on the appeal from a former private equity fund partner. It deals with the applicability of the Swedish closely held company-rules (“3:12-rules”) on distributions from the partner’s holding company and has precedence...
The EuVECA Regulation will soon be implemented in Norwegian legislation. What are the opportunities and requirements for Norwegian fund managers and their fund initiatives? The EEA Joint Committee decided on 23 March 2018 to implement the EuVECA Regulation into the EEA Agreement. Consequently, the regulation...
The employment of the EuVECA regulatory framework has not reached the wide use across Europe as intended. How is the outlook for the Venture Capital in Europe? Introducing the AIFMD directive, European legislators recognised the need to protect venture capital from certain AIFMD rules deemed...
The Action Plan on Financing Sustainable Growth was launched by the European Commission on 8 March 2018 (link here). Yesterday, the EU Commission published the frequently asked questions, giving the public a greater understanding of how the commitments on financing sustainable growth are going to be...
[vc_row][vc_column][vc_column_text]On 10 April 2018 the European Commission and European Investment Fund launched a new fund-of-funds (FoF) initiative called “VentureEU”, which is estimated to trigger approximately EUR 6,5 bn. of new investments in European SMEs. An interesting opportunity for Scandinavian venture fund managers. How does it work? Initiated...
On 23 March 2018, the EEA Joint Committee decided to implement the EuVECA-regulation into the EEA Agreement. Norway is now one step closer to enabling Norwegian AIF managers to market venture capital funds to professional- and semi-professional investors within the EEA. In Norway, the regulation has...
On March 12th, the European Commission published a proposal for amendments to the AIFMD and EuVECA regulation. It stipulates conditions for pre-marketing of alternative investment funds to professional investors domiciled in the EU. The proposal forms part of the Commission’s “Capital Markets Union action plan, which...
Norwegian and Swedish anti-money laundering legislation requires all companies falling under its scope, including managers of alternative investment funds, to appoint an “AML-responsible”. This person shall either be a member of the management team, the managing director or an equivalent executive. The responsibility entails to...
I dom avsagt 28. februar 2018 slo Høyesterett fast at forvaltningshonorar som var betalt av private equity-fond til deres forvaltere var en kostnad som skulle deles opp ved beskatningen av investeringsselskapene. Honorarene hadde ulike formål, og måtte dermed deles opp i en fradragsberettiget forvaltningsdel og...