Article 14
1. Managers of qualifying venture capital funds that intend to use designation ‘EuVECA’ for the marketing of their qualifying venture capital funds shall inform the competent authority of their home Member State of their intention and shall provide the following information:
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(a) |
the identity of the persons who effectively conduct the business of managing qualifying venture capital funds; |
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(b) |
the identity of the qualifying venture capital funds, the units or shares of which are to be marketed and their investment strategies; |
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(c) |
information on the arrangements made for complying with the requirements of Chapter II; |
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(d) |
a list of Member States where the manager of a qualifying venture capital fund intends to market each qualifying venture capital fund; |
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(e) |
a list of Member States where the manager of a qualifying venture capital fund has established, or intends to establish, qualifying venture capital funds. |
2. The competent authority of the home Member State shall only register the manager of a qualifying venture capital fund if the following conditions are met:
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(a) |
the persons who effectively conduct the business of managing qualifying venture capital funds are of sufficiently good repute and are sufficiently experienced also in relation to the investment strategies pursued by the manager of a qualifying venture capital fund; |
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(b) |
the information required under paragraph 1 is complete; |
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(c) |
the arrangements notified according to point (c) of paragraph 1 are suitable for complying with the requirements of Chapter II; |
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(d) |
the list notified under point (e) of paragraph 1 of this Article reveals that all of the qualifying venture capital funds are established in accordance with point (b)(iii) of Article 3. |
3. Registration under this Article shall be valid in the entire territory of the Union and shall allow managers of qualifying venture capital funds to market qualifying venture capital funds under the designation ‘EuVECA’ throughout the Union.