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By Dr. Sebastiaan Niels HOOGHIEMSTRA, Loyens Loeff Luxembourg *
As part of the emerging Savings and Investment Union (“SIU”), the European Commission revealed plans to review and upgrade the Regulation (EU) No 345/2013, as amended (“EuVECAR”) to make the EuVECA label more attractive. This contribution suggests a number of improvements that “EuVECA 3.0” could entail.
Increasing Thresholds for Sub-threshold AIFMs
The most important objectives underlying Directive 2011/61/EU, as amended (the “AIFMD”), are investor, market and, to a lesser extent, stakeholder protection. Contrary to the AIFMD, EuVECAR contains product regulation in which, amongst others, the eligible investments are restricted to (non...
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