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Two new regulations supplementing (i) the European Venture Capital Funds Regulation 345/2013 ("EuVECA Regulation") and (ii) the European Social Entrepreneurship Funds Regulation 346/2013 ("EuSEF Regulation") were published in the Official Journal of the European Union in May 2019:
- Regulation (EU) 2019/820 of 4 February 2019 with regard to conflicts of interest, and
- Regulation (EU) 2019/819 of 4 February 2019 with regard to conflicts of interest, social impact measurement and information to investors.
Both regulations will become applicable on 11 December 2019.
In addition, see the Article " Securitisation and other EU Regulations: New sanction powers" in this Newsletter, which relates to the implementation of various regulations, including the EuVECA and EuSEF Regulations. New powers to impose administrative sanctions are notably granted to the CSSF for the performance of its mission under these two regulations. See also the Article " Cross-border distribution: New EU regulation and directive" in this Newsletter.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
