Defence`s Feeds

The continuing security challenges in the Baltic sea region continue to constitute an issue of concern for the EU's security and defence policy. On 25 January, the SEDE committee will meet Lieutenant Colonel Jyri Raitasalo, Strategic Planning, Finnish Ministry of Defence and Commander Håkan Andersson, Military Advisor, Department for Security policy and International relations at the Swedish Ministry of Defence to discuss their national perspectives on the current situation in the Baltic sea.
Further information
Draft agenda and meeting documents
Source : © European Union, 2017 - EP

Written by Angelos Delivorias (2nd edition),

© duncanandison / Fotolia

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 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 identified 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.

Interactive PDF

• Reviving risk capital: The proposal to amend EuVECA and EuSEF

Proposal for a Regulation amending Regulation (EU) No 345/2013 on European venture capital funds (EuVECA) and Regulation (EU) No 346/2013 on European social entrepreneurship funds (EuSEF) Committee responsible:

Rapporteur:

Shadow rapporteurs:

 

 

  Economic and Monetary Affairs (ECON)

Sirpa Pietikäinen (EPP, Finland)

Andrea Cozzolino (S&D, Italy)

Syed Kamall (ECR, UK)

Cora Van Nieuwenhuizen (ALDE, the Netherlands)

Marco Zanni (EFDD, Italy)

COM(2016)0461 14.07.2016, 2016/0221(COD)

Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)

Next steps expected: Vote in Committee

 

 

Filed under: Economic and Social Policies, PUBLICATIONS Tagged: Angelos Delivorias, briefings, capital markets, EU Legislation in Progress, social venture capital

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