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🔗 Back to Summary. 🇫🇷 French Version: 2013R0345_FR.2. Open the PDF.
Article 1 – This Regulation lays down uniform requirements and conditions for managers of collective investment undertakings that wish to use the designation ‘EuVECA’ in relation to the marketing of qualifying venture capital funds in the Union, thereby contributing to the smooth functioning of the internal market. ⬅️ | ➡️ Article 3 – For the purposes of this Regulation, the following definitions apply:
Article 2 - 1.
This Regulation applies to managers of collective investment undertakings as defined in point (a) of Article 3 that meet the following conditions:
(a)
their assets under management in total do not exceed the threshold referred to in point (b) of EU;
(b)
they are established in the Union;
(c)
they are subject to registration with the competent authorities of their home Member State in accordance with point (a) of EU; and
(d)
they manage portfolios of qualifying venture capital funds.
2.
Articles 3 to 6, Article 12, points (c) and (i) of Article 13(1), Articles 14a to 19, the second subparagraph of Article 20(3), and Articles 21 and 21a of this Regulation shall apply to managers of collective investment undertakings authorised under EU that manage portfolios of qualifying venture capital funds and intend to use the designation ‘EuVECA’ in relation to the marketing of those funds in the Union.
3.
Where managers of qualifying venture capital funds are external managers and are registered in accordance with Article 14, they may additionally manage undertakings for collective investment in transferable securities (UCITS), subject to authorisation under Directive 2009/65/EC.