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🔗 Back to Summary. 🇫🇷 French Version: 2013R0346_FR.2. Open the PDF. Direct link to EUR-LEX.
Article 1 – This Regulation lays down uniform requirements and conditions for managers of collective investment undertakings that wish to use the designation ‘EuSEF’ in relation to the marketing of qualifying social entrepreneurship funds in the Union, thereby contributing to the smooth functioning of the internal market. ⬅️ | ➡️ Article 3 – 1.
Article 2 - 1.
This Regulation applies to managers of collective investment undertakings as defined in point (a) of Article 3(1) 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 social entrepreneurship funds.
2.
Articles 3 to 6, Articles 10 and 13, points (d), (e) and (f) of Article 14(1), Articles 15a to 20, the second subparagraph of Article 21(3) and Articles 22 and 22a of this Regulation shall apply to managers of collective investment undertakings authorised under EU that manage portfolios of qualifying social entrepreneurship funds and intend to use the designation ‘EuSEF’ in relation to the marketing of those funds in the Union.
3.
Where managers of qualifying social entrepreneurship funds are external managers and are registered in accordance with Article 15, they may additionally manage undertakings for collective investment in transferable securities (UCITS), subject to authorisation under Directive 2009/65/EC.