| Author (Corporate) | Council of the European Union: General Secretariat |
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| Series Title | Press Release |
| Series Details | 09.10.17 |
| Publication Date | 09/10/2017 |
| Content Type | News |
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Background and further information: These funds aim to mobilise more investment capital for innovative smal and medium-sized enterprises (SMEs) and social undertakings in the European Union. They are part of the Capital Markets Union (CMU) Action Plan. The rules agreed between the institutions aim to broaden the range of firms able to find investors on European capital markets and encourage investment in firms that markets may view as a risky, or which aim to deliver social benefits. The proposal was put forward by the European Commission in July 2016. An informal agreement on the final text was reached between the Council of the European Union and the European Parliament in May 2017. The latter institution formally endorsed the document in September 2017. The Council's formal endorsement of the proposal was decided during a meeting of the Agriculture and Fisheries Council. The Council of the European Union formally adopted on 9 October 2017, without discussion, the compromise text for a proposal relating to European venture capital funds (EuVECAs) and European social entrepreneurship funds (EuSEFs). |
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| Source Link | http://www.consilium.europa.eu/en/press/press-releases/2017/10/09-capital-markets-union-new-venture-rules/ |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
