2 Amendments of Othmar KARAS related to 2011/0417(COD)
Amendment 73 #
Proposal for a regulation
Article 2 – paragraph 1
Article 2 – paragraph 1
1. This Regulation applies to managers of collective investment undertakings as defined in point (b) of Article 3 who are established in the Union and are subject to registration with the competent authorities of their home Member State in accordance with point (a) of Article 3 (3) of Directive 2011/61/EC, provided that those managers manage portfolios of qualifying venture capital funds, whose assets under management in total do not exceed a threshold of EUR 500 million or, in the Member States where the Euro is not the official currency, the corresponding value in the national currency on the date of the entry into force of this Regulation. Those managers shall be subject to authorisation by the competent authorities of their home Member State in accordance with Article 6(1) of Directive 2011/61/EC.
Amendment 98 #
Proposal for a regulation
Article 3 – point k
Article 3 – point k
(k) 'host Member State' means the: (i) a Member State, other than the home Member State, where thein which a venture capital fund manager markets qualifying venture capital funds in accordance with this Regulationnages venture capital funds; or (ii) a Member State, other than the home Member State, in which a venture capital fund manager markets units or shares of a venture capital fund;