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EU

EuVECA – Opportunities and requirements for Norwegian managers

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...

European Commission’s proposals on financing sustainable growth

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...

Venture-EU to help raising bigger funds in Europe

[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...

One step closer to EuVECA in Norway

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...

AIFMD – clarity on pre-marketing?

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...

Have you appointed your AML-responsible yet?

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...

Fund Manager – Strengthen the CFO Function through outsourcing

A challenging market as well as stricter regulation of alternative investment funds and investment companies demand high quality-, capacity- and expertise in the CFO function. In addition to a solid track record and an unblemished reputation, fund managers must provide high quality investor communication and reporting....

Sustainable investments and why ESG matters

[vc_row][vc_column][vc_column_text]The demand for sustainable and impact investing is growing – investors now consider environmental, social and governance (ESG) factors across USD 8.72 trillion of professionally managed assets, which is a 33% increase since 2014, says Report on US Sustainable, Responsible and Impact Investing Trends as...

MIFID II on equality and diversity

It is interesting to note how the arguments for securing women board positions in Norwegian public limited companies (PLC), ending in a 2005 amendment to the plc act, differs from the MIFID II requirement for diversity. In the 2003 proposal for an amendment to the law,...

GDPR VS. THE FUND INDUSTRY

In the light of the new legal GDPR requirements, there is number of steps fund managers and investment companies will have to take in order to secure full compliance with the new data handling regime. It is hard to think of a business sector that wouldn’t...