Publications
& Policy

Solvency II risk weights have a major influence on the insurers’ ability to support, among others, start-ups through venture capital funds, scale-ups through growth capital funds or large-scale infrastructure projects through infrastructure funds. In this response, we argue that, for the benefit of both insurers and of the companies they can indirectly invest into, criteria of the new long-term equity category must be further tailored to ensure insurers in all EU countries are able to make use of it.

In this consultation response, Invest Europe has mainly focused on the lack of tailoring in the disclosure templates to specific asset classes, such as PE/VC, and the need to avoid a one-size-fits-all approach. We have also used this opportunity to reiterate our concerns around the scope of the Article 8 SFDR perimeter.

A Q&A document addressing the potential implications of the UK leaving the EU for private equity firms, their investors and their portfolio companies.

Investment firms holding a MiFID license, including private equity firms that choose to offer MIFID services such as investment advice, are subject to capital and remuneration requirements. These requirements, formerly set in the banking legislation CRD/CRR, are now detailed in the Investment Firms Directive and Regulation.

Ahead of the Investors' Forum – Virtual, taking place on 13-14 October, Patricia Volhard, Partner at Debevoise & Plimpton LLP, hosted this webinar on new ESG rules.

This presentation (and its appendix) describes the features of and conditions for access to the European Guarantee Fund set up by the European Investment Fund. Please note that this presentation is not legally binding and is for guidance only.

As a precursor to the LP panel at the Investors’ Forum - Virtual, taking place on 13-14 October, Francois Aguerre, Co-head of Origination at Coller Capital, hosted this webinar on the secondaries market and the impact of Covid-19.

In this response we detail to the European Commission increasing concerns Invest Europe members have regarding the loss of protections when investing across border due to the suppression of the BIT system.

This response calls the EBA to introduce targeted changes to some of its technical measures to implement the prudential and remuneration rules that apply to MiFID investment firms (and which could create a precedent in an AIFMD context). Areas on which this response focuses include double-counting of assets when determining the firm’s capital requirements, the staff that is deemed to have a material impact on the firm’s risk profile and alternative arrangements that may be used to pay variable remuneration.

In this consultation response, we emphasise the importance of respecting the principles of proportionality, materiality and flexibility, and the need to avoid a one-size-fits-all approach. In addition, we urge the European Supervisory Authorities to recognise the lack of available data for non-listed companies, in particular SMEs, and the limited relevance of many proposed indicators given the large diversity of economic sectors invested in by PE/VC funds.

In this response we explain why ESMA should take into consideration the nature of private equity funds and their characteristics, including the absence of a risk of fire sales, when preparing Guidelines on limits national competent authorities can impose on their use of leverage.

In this consultation response, Invest Europe has shared the industry's views on the European Commission's Renewed Sustainable Finance Strategy. Particular areas of focus were fiduciary duties, remuneration, financial stability risk, short-termism and due diligence.

In this consultation response, Invest Europe has expressed its support for the proposed amendments but has raised some concerns with the way MiFID has been implemented in certain countries, in particular in relation to what has been considered as “marketing”.

In this consultation response, Invest Europe welcomes the Commission’s high-level, principles-based approach to integrate sustainability into the AIFMD Delegated Acts. In light of the diversity among market practitioners, it is crucial to avoid a one-size-fits-all approach and to strive for appropriate rules that are practical, workable and proportionate, as such avoiding imposing unnecessary, additional burden on AIFMs.

In this consultation response, Invest Europe welcomes the high-level, principles-based approach adopted by the European Commission. It provides a level of proportionality and flexibility, which is key to enable financial market participants to implement the new requirements in a way that is in line with their business needs and supports the needs of their individual portfolio companies.