On 25 October 2020, the European Commission launched a public consultation on a possible EU-level regulatory initiative dedicated to foster long-term sustainable and responsible corporate behavior.Sustainability
ESA Publishes Joint Supervisory Statement on the Interpretation on Fund Managers’ ESG Disclosure Obligations
From 10 March 2021, fund managers are required to make certain ESG disclosures available on their website and in their pre-contractual disclosures to investors.AIFMDComplianceDisclosure RequirementsSustainability
Many investors (from business angels to mature stage investor) focus on how to develop and implement responsible investment practices specifically for their own organisation. We believe it’s key for investors to first consider what they want to achieve as well as why and how. That mission should be reflected throughout the investment process and portfolio management.Sustainability
ESMA has launched a consultation on guidelines on marketing communications under the cross border distribution of funds regulation.AIFMD
As of 1 January 2021 a new employee share scheme applies. This new employee scheme entails that certain new and small companies can award employees with shares, options and warrants up to 50% of the employee's annual salary while the employee will be subject to taxation as share income (up to 42% taxation) instead of personal income (up to approx. 55% taxation).
While most investors are still working within the field of ESG risk mitigation and/or ESG opportunity seeking, we see more investors becoming impact aware and start moving towards the right end of the spectrum.Sustainability
The consideration and assessment of Environmental, Social and Governance factors is becoming a key driver for investor’s decision-making. The challenge for both investors and companies lies in the substantial number of frameworks that already exists for ESG reporting.Sustainability
PitchBook has published their Q3 2020 European VC Valuations Report giving a view of the current VC market.
EU and non-EU AIFMs submitting an application for marketing of non-EU AIFs to professional investors in Denmark will be subject to new requirements. The Danish FSA has issued a new Executive Order, which enters into force on 1 January 2021.AIFMD
On 22 October 2020, the European Commission published its consultation on the review of the AIFMD seeking the views from stakeholders on how to achieve a more effective and efficient functioning of the European AIF market.AIFMDAIFMD review
On 19 October 2020, the European Commission launched a public consultation on the European Long Term Investment Fund (“ELTIF”) legal framework.AIFMDAIFMD review
The Commission has completed a public consultation on the proposal for a EU Green Bond Standard. The consultation proposes to use the EU Taxonomy to define green bonds.AIFMDSustainability
Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
The Mazanti Pulse document generator offers access to tailor-made legal documents in a simple and easily accessible format.