Publications
& Policy

Invest Europe replied to the BEFIT public consultation. In this document Invest Europe supports the main objectives of BEFIT as set out in the Call for Evidence, but in addition recognises the need for further clarifications due to the high-level description of the BEFIT rules.

In this response, we share our views on the possible features and risks of greenwashing in the financial services sector. Among others, we note that the complexity, lack of clarity around key concepts and moving goalposts with each iteration of guidance/Q&As under the current SFDR regime are a major source of greenwashing risk.

In this response Invest Europe comments on the inadequacy of the concept of a "single undertaking" which does not sufficiently take into consideration the nature of private equity investments, at the risk of making it harder for private equity-backed businesses to receive financial support from the state.

During this Members' Policy Call, Invest Europe members were given an in-depth presentation of the InvestEU Programme by the European Investment Fund (EIF).

This Handbook has been developed as a user-friendly overview of EU funding opportunities intended to bridge the information gap for our members, linking innovators with the public bodies mandated to support them. This document lays out the multiple EU funding opportunities that exist, both for fund managers and for the portfolio companies they invest into. It covers financing in areas as wide as innovation, transport, energy, healthcare and life sciences, and cohesion.

The fundamental differences between trade group and private equity ownership models.

Comments on the inappropriateness of the use of the definition of 'subsidiary' definition within the Corporate Sustainability Due Diligence Directive (CS3D). Document includes Invest Europe suggestion for a way forward.

This is Invest Europe's one-pager outlining the main concerns for the private equity and venture capital industry within the European Commission's proposed Corporate Sustainability Due Diligence Directive (CS3D). While Invest Europe welcomes the spirit of the proposal, certain changes will need to be made for the Directive to be workable in practice.

This position paper looks at the potential conflicting and overlapping requirements between the Corporate Sustainability Due Diligence Directive (CS3D) and the Sustainable Finance Disclosure Regulation (SFDR).

In this letter to the European Commission, Invest Europe shares its views on the additional queries from the European Supervisory Authorities (ESAs) in relation to the SFDR and its interplay with the EU Taxonomy Regulation. A number of the ESAs’ questions raise foundational issues concerning the interpretation of the SFDR’s Level 1 text which has been effective since 10 March 2021.

In this response to the European Commission consultation on tax evasion and aggressive tax planning (SAFE proposal), Invest Europe stressed the importance to make a clear distinction between the two concepts and ensuring legal certainly given the criminal sanctions that apply when it comes to tax evasion. While the tax avoidance and evasion potentially pose a threaten to the public finances, it should also be explored further whether all measures and legislation already put in place does not create an adequate security.

As the Foreign Direct Investment (FDI) screening landscape across Europe is rapidly evolving, Invest Europe has prepared a country-by-country overview to map different existing regimes and keep track of latest developments with a view to helping members assess how FDI screenings may impact their transactions.

This consultation was designed to allow the industry to give input to ESMA on the information that will have to be notified to national competent authorities when marketing cross-border, as a result of the new “CBDF” requirements. This response aimed at giving ESMA relevant details on various technical concerns our members have, among other things, with the notification templates.

Ensuring that European tax rules are fit for purpose in light of an increasingly globalised economy is key for venture capital and private equity funds, who have highly varied investment value-chains and diverse investments in companies in all parts of Europe and beyond.