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EU

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...

EuVECA Reform

The European Parliament has adopted proposals for amendment of the European Venture Capital Funds Regulation (EU) No 345/2013 (“EuVECA”). EuVECA was introduced in July 2013 as part of the Capital Markets Union Action Plan. The goal was to increase the supply of capital to venture businesses....

No LEI, no trade!

From January 3rd 2018, following the implementation of MIFID II and MIFIR, all European companies needs a LEI-number (Legal Entity Identifier) to trade in financial instruments admitted to European trading venues. This means that a LEI-number is required for companies entering into derivative contracts (following...

Further extension of AIFMD?

On July 19th, The European Securities and Markets Authority (ESMA) presented recommendation to the European Commission on further extension of the European Alternative Investment Fund Managers Directive’s (AIFMD).  ESMA advised to extend funds passports to 12 non-EU countries. Doing so would allow fund managers from...

EU provides funds for venture industry in Sweden

Sweden is about to establish three large venture capital funds in the cooperation with the European Investment Fund. The process is coordinated by Tillväxtverket in Sweden, who expects investors to double the amount installed by EIF.   Recent impact assessment of the EuVECA directive displayed the need of...