Danish FSA Clarifies New Pre-Marketing Rules
The pre-marketing rules provided by the Cross Border Directive was transposed into Danish law on 1 July 2021.
AIFMDCross-BorderPre-MarketingRules managers of venture capital funds must meet to market their funds to investors across the EU under the label “European Venture Capital Fund” (EuVECA) without needing to comply with demands of the Alternative Investment Fund Managers Directive (AIFMD).
The pre-marketing rules provided by the Cross Border Directive was transposed into Danish law on 1 July 2021.
AIFMDCross-BorderPre-MarketingThe guidelines apply to all marketing communication addressed to investors or potential investors for AIFs, including amongst others when they are set up as EuVECAs.
Cross-BorderESMAMarketingPre-MarketingVenture CapitalThe new pre-marketing regime provided by the Cross-Border Directive has by 1 July 2021 been transposed into Danish law.
AIFMDCross-BorderPre-MarketingOn 14 June 2019 the Council adopted the new regulation on facilitating cross-border distributions of AIFs.
Cross-BorderMarketingPre-MarketingVenture CapitalOn 14 June 2019 the Council adopted the new directive amending i.a. the Alternative Investment Fund Managers Directive (AIFMD).
AIFMDCross-BorderMarketingPre-MarketingRetail InvestorsVenture CapitalOn 22 May 2019 the European Commission adopted delegated regulation specifying different types of conflicts of interest of managers of European Venture Capital Funds (EuVECA) and the steps to be taken in terms of structures, organisational and administrative procedures.
Conflict of Interests (COI)GovernanceVenture CapitalThe new regulation establishes uniform rules on i.a. fees and charges, and it amends the EuVECA regulation to include a pre-marketing definition.
Cross-BorderMarketingPre-MarketingAn amendment to the delegated regulation (EU) 2015/35 was adopted by the European Commission 8 March 2019. The legislation includes changes to the risk-weight of certain alternative investments.
Risk ManagementSolvency IIVenture CapitalThe proposal specifies the type of conflict of interest referred to in the EuVECA directive and the steps that EuVECA fund managers must take.
Conflict of Interests (COI)GovernanceVenture CapitalDelivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
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