The Council of the EU has adopted a Regulation that amends both Regulation (EU) No. 345/2013 on European venture capital funds and Regulation (EU) No. 346/2013 on European social entrepreneurship funds. The Regulation is part of the EU’s plan to develop a fully functioning capital markets union.
Thomas Toniste, Minister of Finance of Estonia and currently holding the Council Presidency noted:
“The new rules will help diversify the funding sources available for businesses and long-term projects in Europe. By making it easier for them to raise money on capital markets, the aim is that businesses should not rely exclusively on bank loans.”
View Council of EU adopts Regulation to amend EuVECA and EuSEF Regulations, 9 October 2017