Regulation on European Social Entrepreneurship Funds
The regulation sets out a new ”European Social Entrepreneurship Fund“ label, so investors can easily identify funds that focus on investing in European social businesses. The approach is simple: once the uniform requirements defined in the proposal are met, managers of social entrepreneurship funds will be able to use the new label and market their funds across the whole of Europe. Every fund using the label will have to prove that a high percentage of investments (70% of the capital received from investors) are spent in supporting social businesses. Uniform rules on disclosure will ensure that investors get clear and effective information on these investments.
Text of the regulation as adopted by the European Parliament and the Council (17.04.2013)
- Regulation (EU) No 346/2013 of the European Parliament and of the Council on European social entrepreneurship funds