8 Amendments of Olle SCHMIDT related to 2013/0214(COD)
Amendment 127 #
Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)
Article 2 – paragraph 1 – point 6 a (new)
(6a) "Semi-professional investor" means any investor who (a) commits to investing a minimum of EUR 100 000 and (b) states in writing, in a separate document from the contract to be concluded for the commitment to invest, that they are aware of the risks associated with the envisaged commitment or investment;
Amendment 171 #
Proposal for a regulation
Article 9 – paragraph 1 – point e
Article 9 – paragraph 1 – point e
(e) direct holdings or indirect holdings through a qualified portfolio undertaking of individual real assets that require up- front capital expenditure of at least EUR 10 million or its equivalent in the currency, and at the time, in which the expenditure is incurred.
Amendment 182 #
Proposal for a regulation
Article 10 – paragraph 2
Article 10 – paragraph 2
2. By way of derogation from paragraph 1(a) of this Article, a qualifying portfolio undertaking may be a financial undertaking or a collective investment undertaking that exclusively finances qualifying portfolio undertakings referred to in paragraph 1 of this Article or real assets referred to in Article 9.
Amendment 185 #
Proposal for a regulation
Article 11 – paragraph 1
Article 11 – paragraph 1
An ELTIF shall not invest in an eligible investment asset in which the manager has or takes a direct or indirect interest, other than by holding units or shares of the ELTIFs EUSEFs or EuVECAs or collective investment undertakings within in the meaning of Art. 10 para. 2 it manages.
Amendment 204 #
Proposal for a regulation
Article 12 – paragraph 5 a (new)
Article 12 – paragraph 5 a (new)
5a. ELTIFs managed on behalf of professional and semi-professional clients may not be subject of the provisions set out in para. 2 - 5 on basis of contractual arrangements.
Amendment 213 #
Proposal for a regulation
Article 15 – paragraph 1 – point a a (new)
Article 15 – paragraph 1 – point a a (new)
(aa) cease to apply in case that an ELTIF sells selected portfolio assets and distributes the sale proceeds to investors prior to the end of its life
Amendment 245 #
Proposal for a regulation
Article 20 – paragraph 1 – point b
Article 20 – paragraph 1 – point b
(b) the capital appreciation realized after the disposal of an asset, but excluding the original capital commitments made.
Amendment 271 #
Proposal for a regulation
Article 24 – paragraph 1 – point h
Article 24 – paragraph 1 – point h
(h) retail investors may, during the subscription period and at least two weeks after subscription of units or shares of the ELTIF, cancel their subscription and have the money returned without penalty.