Europe's high growth SMEs need better access to finance - EVCA

19 June 2012

EVCA has sent an open letter to the EU detailing its concerns around the inclusion of a depositary requirement in the proposed European Venture Capital Funds Regulation, and saying that the proposed Venture Capital regime should not be destroyed by an unjustified and disproportionate burden.

The letter follows a high level-letter sent to the Presidency and the Commission the previous week, and has been sent to the key MEPs involved in the trialogue process: the Rapporteur and his Shadows, as well as the Chair of the ECON Committee.

The key message was that the Regulation would become useless if a depositary requirement were to be included. It was sent on behalf of Anne Glover, Chair of the VC Council, and co-signed by more than 180 venture capital firms from across Europe, as well as NVCA members.

Full letter

© EVCA - The European Private Equity & Venture Capital Association