EuVECA and Euro: Difference between pages

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imported>Doug Williamson
(Add link to update page.)
 
imported>John Grout
(To add reference the currency of the European Union)
 
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''EU''
{{lowercase}}
#A prefix meaning that currency is held in a different jurisdiction from its country of origin. For example eurodollar or euroyen or, more generally, eurocurrencies.
#Established by the 1992 Treaty on European Union (TEU, better known as the Maastricht treaty) the euro is the official currency of the European Union. Note that the currency takes lower case except where a capital is grammatically or stylistically required, for example, at the start of a sentence. The ISO (three letter) currency code for the euro is EUR.


European Venture Capital Fund (EuVECA) - such funds being the subject of the [http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:115:0001:0017:EN:PDF European Union Regulation 345/2013].


The regime is optionally available to fund managers in the [[European Economic Area]] (EEA) that fall below the €500m threshold of the Alternative Investment Fund Managers Directive ([[AIFMD]]).
== See also ==
 
* [[euro]]
It gives a passport for raising capital across the EEA by marketing to qualified investors and subject to registration, observance of certain rules for investment and observation of regulatory requirements.
* [[Eurobond]]
 
* [[Offshore]]
 
Investment has to be primarily in [[Small and Medium-sized Enterprises]] (SMEs). Borrowing (leverage) by the fund is not generally allowed.
 
 
EuVECA is distinguished from a European Social Enterprise Fund ([[EuSEF]]) mostly by its investments which are not required to have the primary objective of achieving measurable, positive social impacts.
 
A fund that grows beyond the €500m limit must gain authorisation under the AIFMD - subject to which it may continue to use the EuVECA designation if it meets the other EuVECA requirements.
 
 
==See also==
*[[Social impact bond]]
*[[Venture capital]]
 
 
==Other links==
[https://ec.europa.eu/commission/presscorner/detail/en/IP_17_1477 EU agrees to more support for venture capital and social enterprises 2017]
 
[[Category:Investment]]

Revision as of 22:08, 14 November 2014

  1. A prefix meaning that currency is held in a different jurisdiction from its country of origin. For example eurodollar or euroyen or, more generally, eurocurrencies.
  2. Established by the 1992 Treaty on European Union (TEU, better known as the Maastricht treaty) the euro is the official currency of the European Union. Note that the currency takes lower case except where a capital is grammatically or stylistically required, for example, at the start of a sentence. The ISO (three letter) currency code for the euro is EUR.


See also

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