8 Amendments of Burkhard BALZ related to 2016/0221(COD)
Amendment 83 #
Proposal for a regulation
Recital 4
Recital 4
(4) The market of qualifying venture capital funds and qualifying social entrepreneurship funds should be opened to increase scale effects, to reduce transaction and operational costs, to improve competition and to strengthen investor choice. Enlarging the base of prospective managers contributes to opening up that market. It should benefit undertakings seeking investment by giving them access to financing from a greater and more varied range of risk investment sources. The scope of Regulation (EU) No 345/2013 and Regulation (EU) No 346/2013 should therefore be extended by opening up the use of the ‘EuVECA’ and ‘EuSEF’ labels to managers of collective investment undertakings authorised under Article 6 of Directive 2011/61/EU. Facilitating access to passporting rights for EuVECA and EuSEF managers is vital to increase the choice for investors, to enhance efficiency in the European EuVECA and EuSEF business and thus to removing barriers to the financing of the real economy. Impediments to accessing the Union passport regime should be avoided. Requirements for EuVECA and EuSEF managers should therefore be proportionate and not be aligned to AIFMD.
Amendment 159 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 b (new)
Article 1 – paragraph 1 – point 3 b (new)
Regulation (EU) No 345/2013
Article 14 – paragraph 2 – introductory part
Article 14 – paragraph 2 – introductory part
Amendment 162 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3 a (new)
Article 1 – paragraph 1 – point 3 a (new)
Regulation (EU) No 345/2013
Article 14 – paragraph 1 – introductory part
Article 14 – paragraph 1 – introductory part
(3a) In Article 14(1) the introductory part is replaced by the following: "1. Managers of qualifying venture capital funds that intend to use designation 'EuVECA' for the marketing of their qualifying venture capital funds shall inform the relevant competent authority of their home Member State of their intention and shall provide the following information:" Or. en (http://eur-lex.europa.eu/legal- content/EN/TXT/HTML/?uri=CELEX:32013R0345&from=EN)
Amendment 177 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) No 345/2013
Article 14a – paragraph 2 – introductory part
Article 14a – paragraph 2 – introductory part
The application for registration referred to in paragraph 1 shall be made to the relevant competent authority of the qualifying venture capital fund and shall include the following:
Amendment 181 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) No 345/2013
Article 14a – paragraph 3
Article 14a – paragraph 3
3. The relevant competent authority of the qualifying venture capital fund shall register every fund as a qualifying venture capital fund if the manager of the fund meets the conditions laid down in Article 14(2).
Amendment 184 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5
Article 1 – paragraph 1 – point 5
Regulation (EU) No 345/2013
Article 14a – paragraph 4
Article 14a – paragraph 4
4. The managers referred to in paragraph 1 shall be informed by the relevant competent authority of the qualifying venture capital fund on whether that fund has been registered as a qualifying venture capital fund no later than two months after those managers have provided all the information referred to in paragraph 2.
Amendment 191 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
The competent authoritiesy of the home Member States shall notify the competent authorities of the host Member States indicated in accordance with point (d) and (e) of Article 14(1) and ESMA immediately of any registration or removal of a manager of a qualifying venture capital fund, any addition or removal of a new qualifying venture capital fund, any addition or removal of a new domicile for the establishment of a qualifying venture capital fund or of any addition or removal of a new Member State in which a manager of a qualifying venture capital fund intends to market or manage those funds.
Amendment 197 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Regulation (EU) No 345/2013
Article 16 – paragraph 2 – subparagraph 1
Article 16 – paragraph 2 – subparagraph 1
The competent authorities of the host Member States shall not impose on the managers of qualifying venture capital funds any requirements or administrative procedures in relation to the marketing or management of their qualifying venture capital funds, nor shall they require any approval of that marketing or management prior to its commencement.