Article 15
1. Managers of qualifying social entrepreneurship funds that intend to use of the designation ‘EuSEF’ for the marketing of their qualifying social entrepreneurship funds shall inform the competent authority of their home Member State of their intention and shall provide the following information:
|
(a) |
the identity of the persons who effectively conduct the business of managing qualifying social entrepreneurship funds; |
|
(b) |
the identity of the qualifying social entrepreneurship funds, the units or shares of which are to be marketed and their investment strategies; |
|
(c) |
information on the arrangements made for complying with the requirements of Chapter II; |
|
(d) |
a list of Member States where the manager of a qualifying social entrepreneurship fund intends to market each qualifying social entrepreneurship fund; |
|
(e) |
a list of Member States where the manager of a qualifying social entrepreneurship fund has established, or intends to establish, qualifying social entrepreneurship funds. |
2. The competent authority of the home Member State shall register the qualifying social entrepreneurship fund manager only if the following conditions are met:
|
(a) |
the persons who effectively conduct the business of managing qualifying social entrepreneurship funds are of sufficiently good repute and are sufficiently experienced also in relation to the investment strategies pursued by the manager of a qualifying social entrepreneurship fund; |
|
(b) |
the information required referred to in paragraph 1 is complete; |
|
(c) |
the arrangements notified according to in point (c) of paragraph 1 are suitable for complying with the requirements of Chapter II; |
|
(d) |
the list notified according to point (e) of paragraph 1 reveals that all of the qualifying social entrepreneurship funds are established in accordance with point (b)(iii) of Article 3(1) of this Regulation. |
3. Registration under this Article shall be valid in the entire territory of the Union and shall allow managers of qualifying social entrepreneurship funds to market qualifying social entrepreneurship funds under the designation ‘EuSEF’ throughout the Union.