European Venture Capital Funds

Registration Form

Version 1.0

Contact Details

Name of Contact: / Click here to enter text. /
Contact Address: / Click here to enter text. /
Phone Number: / Click here to enter text. /
Job Title: / Click here to enter text. /

Manager Details

Name of Manager: / Click here to enter text. /
Registered Address: / Click here to enter text. /
Date of Incorporation (dd/mm/yyyy): / Click here to enter text. /
Company Incorporation Number (if available): / Click here to enter text. /
Financial Year End: / Click here to enter text. /
1.1 / Please list the number of AIFs which you manage. / Click here to enter text. /
1.2 / Please confirm whether an Offering Document, or a relevant extract, has been attached. If not, provide details. / Click here to enter text. /
1.3 / Please confirm whether the combined assets of AIFs will fall within the €500 million threshold as set out in EuVECA Regulations, Article 2(1)(a) and Article 3(2)(b) of AIFMD (if the assets are above the threshold, the EuVECA would be considered an AIFM and would have to comply with the AIFMD requirements). / Click here to enter text. /
1.4 / Please provide the figure of the total value of assets under management for all AIFs managed. / Click here to enter text. /

EuVECA Designation

(EU Regulations 345/2013/EC)

We must be satisfied that the funds you manage will meet all the relevant requirements to qualify as a EuVECA.

Note: Please ensure that a separate copy of this section is completed for each intended qualifying EuVECA.

2.1 / Name of EuVECA: / Click here to enter text. /
2.2 / Please provide a description of the investment strategy and objectives of the fund. / Click here to enter text. /
2.3 / Please provide details that a minimum of 70% of the aggregate capital contributions for the Fund, are intended to be invested in assets that are qualifying investments, as stated in Article 3(e) of the EuVECA Regulations. / Click here to enter text. /
2.4 / Please confirm how the manager will ensure that no more than 30% of the aggregate capital of the Fund will be used for acquiring assets other than qualifying investments (Details on the calculation of this threshold can be found under Article 5(1) of the EuVECA Regulations). / Click here to enter text. /
2.5 / Please advise whether the funds will be invested in one or several other EuVECAs. / Click here to enter text. /
2.6 / Please confirm that for investments which are established in a third country, sufficient measures will be taken to ensure that these will fulfil the conditions set out in Article 3(d)(iv) of the EuVECA Regulations. / Click here to enter text. /

Operating Requirements

Note: All Articles referred to are from the EuVECA Regulations.

3.1 / General
3.1.1 / Can the firm confirm that it will act honestly, fairly and with due skill, care and diligence and treat their investors fairly? (Article 7) / Click here to enter text. /
3.1.2 / Can the firm demonstrate that it will be able to inform investors, prior to the investor’s investment decision, about details of the manager, investment strategy and investment policy details, etc, in a clear and understandable way? (Article 13) / Click here to enter text. /
3.2 / Conflicts of Interest
3.2.1 / Does the firm have an effective conflicts of interest policy in place that meets all relevant requirements? (Article 9) / Click here to enter text. /
3.3 / Qualifying Portfolio
3.3.1 / Please provide evidence that the firm has the effective skills and experience to identify and evaluate assets that can be classified as qualifying investments? (Article 3(e)) / Click here to enter text. /
3.4 / Investor Suitability
3.4.1 / Can the firm demonstrate how it will ensure that the Fund will be marketed exclusively to investors who are considered to be one of the following:
a)Professional clients in accordance with Section1, Annex 2 of the Markets in Financial Instruments Directive 39/2004/EC;
b)Investors that commit to investing a minimum of €100,000 and state in writing that they are aware of the risks associated with the proposed commitment; or
c)Executives, directors or employees involved in the management of a EuVECA when investing in the EuVECAs they manage? (Article 6) / Click here to enter text. /
3.5 / Leverage
3.5.1 / Please demonstrate that the firm will not employ any method which may cause the Fund to increase above the level of its permitted capital in the EuVECA? / Click here to enter text. /
3.6 / Valuation
3.6.1 / Has the firm established procedures to ensure that the EuVECA’s assets are valued soundly and transparently? (Article 11) / Click here to enter text. /
3.7 / Delegation
3.7.1 / If the firm proposes to delegate functions to third parties, is it able to demonstrate that: / Click here to enter text. /
a)It has not delegated to the extent that it can no longer be considered a manager of the EuVECA and it has become a letter-box entity;
b)The delegation will not undermine the effectiveness of the FSC’s supervision of the EuVECA manager’s compliance with the Regulations; and
c)The delegation will not prevent EuVECAs from being managed in the investors’ best interests? (Article 8) / Click here to enter text. /
3.8 / Sufficient Resources
3.8.1 / Provide details of how the firm has sufficient own funds, human capital and technical resources for the purposes of managing operational continuity? (Article 10) / Click here to enter text. /
3.9 / Audits and Annual Reports
3.9.1 / Please provide the name of the Statutory Auditor of the Fund? (Article 12(3)) / Click here to enter text. /

Marketing the EuVECA

4.0 / Please confirm in which Member States the EuVECA will be marketed.
(Please note that the relevant forms would still need to be completed in order to be able to market the EuVECA) / Click here to enter text. /

DECLARATION

This declaration must be signed for and on behalf of the EuSEF by two signatories in possession of senior position or above.

The EuSEFwarrants and undertakes that it has completed this notification form truthfully and fully and disclosed any other information which might reasonably be considered relevant for the purpose of this notification.

Signed
Name of signatory in BLOCK CAPITALS: Click here to enter text.
Position: Click here to enter text.
Signed
Name of signatory in BLOCK CAPITALS:Click here to enter text.
Position: Click here to enter text.