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From 22 July 2013, a large group of "AIFMD exempt" European venture capital managers may elect for "EuVECA" status of their venture capital funds. Provided that they comply with certain requirements, substantially less material than those applicable under AIFMD, they will, like AIFMD managers, become entitled to a European marketing passport (and share certain other benefits).

This client briefing outlines the key benefits and obligations that result from this status.

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