Funds

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Recent Articles

  •  
    08/03/2024
    EU

    Practical guidance on how to assess the existence of aid for risk financing measures

    FR
    On 26 January 2024, the Commission adopted practical guidance for Member States on assessing the existence of State aid for measures aimed at facilitating access to financing for certain businesses.Risk financing measures are particularly important as they enable States to support innovative start-ups, small and medium-sized enterprises (SMEs) and middle-sized enterprises (mid-caps) in the early stages of their development, to make the most of their growth potential, and to lead ecological and digital transitions.These aid may be considered compatible with the internal market under the General...
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  •  
    06/03/2024
    United Kingdom

    Spring Budget 2024 – key tax announcements

    Against the backdrop of an election (probably) later this year, the Chancellor was evidently feeling the pressure to make tax announcements that would find favour with the electorate, whilst constrained by the economic environment. Warning that further tax cuts can only be funded by growing the economy and making the state more efficient, the emphasis was on fiscal responsibility and increasing resilience to future shocks. The reduction in employee NICs – matching that in the Autumn Statement - had been so heavily rumoured in the immediate run up to budget day that it was hardly a surprise. ...
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    06/03/2024
    Slovakia

    Implementation of Temporary Crisis and Transition Framework in Slovakia: Gateway for State Aid Subsidies to Investors Involved in Green Transition

    The European Commission adopted the Temporary Crisis Framework and then the Temporary Crisis and Transition Framework (TCTF) to mitigate the economic consequences caused by Russia's invasion and ongoing war with Ukraine. To this extent, the TCTF establishes a framework for several state aid mechanisms that allow EU member states to help companies tackle the aftermath of the energy crisis. But this is not all. The TCTF goes one step further and introduces state aid mechanisms to support the green transition. The goal of this article is to present the state aid scheme that is about to be implemented...
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  •  
    29/02/2024
    EU

    Amendments to Directive 2011/61/EU on alternative investment fund managers have been formally approved

    On 26 February 2024, the Council of the European Union officially approved amendments to Directive 2011/61/EU on alternative investment fund managers (read more), marking a significant development in the regulatory landscape governing managers of alternative investment funds within the European Union. Additionally, the approved amending directive also modernises the framework for undertakings for collective investment in transferable securities by also amending Directive 2009/65/EC.The revised directive is scheduled to be published in the EU Official Journal soon, with it coming into effect 20...
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  •  
    20/02/2024
    United Kingdom

    Economic Crime and Corporate Transparency Act 2023: changes expected to come into force on 4 March 2024

    From Spring 2024 we expect the role of Companies House and the Registrar of Companies (Registrar) to change significantly from simply incorporating companies and being a largely passive information recipient and depository to being a pro-active regulator with clear objectives and the powers to fulfil them.Changes affecting the ongoing administration of companies and limited liability partnerships are also expected to come into force at the same time. Although no implementing regulation has been published yet, Companies House has announced that the date it is working to is 4 March 2024.The changes...
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  •  
    20/02/2024
    Europe

    Listing Act: provisional agreement reached between the EP and the Council

    IntroductionOn 7 December 2022, the European Commission (EC) submitted a package of measures known as the “Listing Act” (the Act), aiming at making public markets more attractive for European Union (EU) companies by facilitating access to capital for small and medium-sized companies (SMEs) (Refer to our earlier publication on this topic for more detail on the initial proposal)On the one hand, the Act put forward several amendments to Regulation (EU) 2017/1129 of the European Parliament (the EP) and of the Council (the Prospectus Regulation), Regulation No 596/2014 of the EP...
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