Investment in another qualifying venture capital fund/qualifying social entrepreneurship fund

[ESMA 34-36-253 EuSEF-EuVECA Q&A, 5] Yes to (1) and (2) provided that those qualifying venture capital (respectively social entrepreneurship) funds have not themselves invested more than 10 % of their aggregate capital contributions and uncalled committed capital in other qualifying venture capital (respectively social entrepreneurship) funds as per Article 3(e)(iv) of Regulation (EU) 345/2013 (respectively Article 3(e)(iii) of the Regulation (EU) 346/2013). The answers provided by the European Commission  clarify provisions already contained in the applicable legislation. They do not extend in any way the rights and obligations deriving from such legislation nor do they introduce any additional requirements for the concerned operators and competent authorities. The answers are merely intended to assist natural or legal persons, including competent authorities and Union institutions and bodies in clarifying the application or implementation of the relevant legal provisions. Only the Court of Justice of the European Union is competent to authoritatively interpret Union law. The views expressed in the internal Commission Decision cannot prejudge the position that the European Commission might take before the Union and national courts.