On Friday 16 December, EU member states aligned their negotiating positions to European Commission proposals to revise EU legislations on the action of European venture capital funds (EuVECA) (Regulation 345/2013) and social entrepreneurship funds (EuSEF) (346/2013).
As foreseen by the European Commission, the regulation makes it clear that member states shall not levy fees or other costs for registering a fund (see EUROPE 11590). Invest Europe says that in some member states, there is a...