ESMA · ESMA_QA_1048 Answer Published

Use of EuSEF and EuVECA designations

Name: Use of EuSEF and EuVECA designations: ESMA Q&A — EU Financial Regulatory Q&A
Creator: European Securities and Markets Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: European Social Entrepreneurship Funds Regulation (EuSEF) Regulation (EU) No 346/2013
Topic: EuSEF
Submitted: 2016-05-31
Answered: 2016-05-31

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Question

Are EuSEF and EuVECA funds allowed to use the designations “EuSEF” or “EuVECA”, respectively, even if they are only marketed in their home Member State?

Answer

[ESMA 34-36-253 AIFMD Q&A, 4] Yes. The conditions for the use of the designations “EuSEF” and “EuVECA” are linked to the compliance of their managers with qualitative requirements (cf. chapter II of the respective Regulations), and not subject to any requirement to market the respective fund in more than one Member State.

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