8 Oct 2021Financial RegulationUpdatesThe EU Commission has amended the EU delegated regulation for the presentation and the content of the Key Information Document (KID) that sets out information on risks, rewards and costs to be given to retail investors (i.e. non-professional investors) in good time before they invest in alternative investment funds etc.
KID / PRIIPS
21 May 2021Taxation / VATUpdatesOn 19 and 20 April 2021, the Danish tax authorities published two rulings from the Tax Assessment Council (in Danish: Skatterådet) regarding reclassification of tax transparent entities
Danish Regulation
10 May 2021Impact and ESGUpdatesOn 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
24 Feb 2021Impact and ESGTrendsMany 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
5 Jan 2021AIFsUpdatesESMA has launched a consultation on guidelines on marketing communications under the cross border distribution of funds regulation.
AIFMD
22 Dec 2020Taxation / VATUpdatesAs 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).
18 Dec 2020Impact and ESGTrendsWhile 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
18 Dec 2020Impact and ESGTrendsThe 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
18 Dec 2020TrendsUpdatesPitchBook has published their Q3 2020 European VC Valuations Report giving a view of the current VC market.