| Author (Corporate) | European Parliament: European Parliamentary Research Service |
|---|---|
| Series Title | Briefing: EU Legislation in Progress |
| Series Details | September 2017 |
| Publication Date | September 2017 |
| Content Type | Journal | Series | Blog, Policy-making |
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‘EU Legislation in Progress’ briefings aim to provide Members of the European Parliament with systematic and automatic analysis on all substantial proposals for EU legislation at every stage of the legislative procedure. Each contains an account of the purpose, content and legal aspects of the legislation proposed, in particular analysing what the legislation would change, as well as any previous legislation and the background. An overview of stakeholders’ views is also provided, as well as the opinions of national parliaments and the two advisory committees. They are all made publicly available for stakeholders and the public. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure. The source url hyperlink should take you through to the latest edition of the Briefing.The European Venture Capital Funds (EuVECA) and European Social Entrepreneurship Funds (EuSEF) are collective investment schemes that have been harmonised at European Union (EU) level since 2011 by means of two regulations: (EU) No 345/2013 (EuVECA) and (EU) No 346/2013 (EuSEF). In its 2016 review, the European Commission noted that these funds remain small and concentrated in a few Member States and that, while the take-up of EuVECA could be considered successful, the EuSEF results have been disappointing. Three main obstacles to further growth have been identified: limitations imposed on managers; product rules; and the (varying) application of regulatory fees in Member States with regards to funds' marketing and management. To overcome those obstacles, the Commission has proposed some measures that − by removing limitations on larger managers managing EuVECA and EuSEF funds, decreasing costs for EuVECA and EuSEF funds, and broadening the range of eligible assets EuVECA funds may invest in − should increase investment into these funds. The Commission’s proposal was extensively amended by the European Parliament and the Council of the European Union, with regard to – among other things – initial capital requirements for those funds, minimum own funds for the funds’ managers, investor-protection provisions, as well as the powers of the European Securities and Markets Authority (ESMA). The provisional agreement struck in trilogue was due to be voted during the European Parliament’s September 2017 plenary session Author: Angelos Delivorias |
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| Source Link | http://www.europarl.europa.eu/RegData/etudes/BRIE/2016/593493/EPRS_BRI(2016)593493_EN.pdf |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
