On 9 October 2017, the Council of the European Union adopted new venture capital rules aimed at boosting investment in start-ups and innovation.
The regulation is part of the EU’s plan to develop a fully functioning capital markets union. It will also help boost investment, in line with the EU’s ‘investment plan for Europe’.
“The new rules will help diversify the funding sources available for businesses and long-term projects in Europe”, said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency. “By making it easier for them to raise money on capital markets, the aim is that businesses should not rely exclusively on bank loans.”
The regulation was adopted at a meeting of the Agriculture and Fisheries Council, without discussion.
The European Parliament gave its approval on 14 September 2017. This follows an agreement with Parliament representatives reached on 30 May 2017.
Source: The European Council
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
New FCA rules are meant to increase competition and lower barriers to entry.
-
DreamQuark provides enhanced advising, strengthened compliance, and smart document retrieval.
-
In partnership with Galaxy Digital Holdings, the ETCs give investors access to bitcoin and ethereum.
-
The deal comes as exchange-traded products are making an impact on the global digital asset ecosystem.
-
John McCareins talks about his newly created role as head of international at NTAM which he took on in 2023.