Social Entrepreneurship Fund & Registered Venture Capital funds
What has happened?
The onshored UK version of the EU’s EuVECA, EuSEF and ELTIF Regulations now apply to UK Alternative Investment Fund Managers and to funds domiciled in the UK.
What do you need to do?
UK fund managers can now register or be authorised with the FCA in order to market qualifying social entrepreneurship funds, venture capital funds and long-term project infrastructure investment funds in the UK under the “Social Entrepreneurship Funds” (SEF), “Registered Venture Capital Funds” (RVECA) and “Long-term Investment Fund” (LTIF) labels respectively.
The funds can be set up using a number of different structures and are intended primarily for professional investors. The UK SEF and REVECA regulations restrict their eligible portfolio holdings.
Existing UK managers of EuVECAs, EuSEFs and ELTIFs that are already registered or authorised with the FCA will have been automatically transferred to the new UK regime.
How can we help you?
If you’d like to know more about how we can help you with your fund registration or authorisation arrangements, or any other regulatory compliance issues, our expert team is here to help.
Contact us today on 0207 436 0630 or email info@thistleinitiatives.co.uk.