Registrations

The purpose of this page is to explain the application process for registrations.  This includes:

  • Registration of European Venture Capital Fund (EuVECA) and European Social Entrepreneurship Fund (EuSEF); 
  • Registration of a non-Gibraltar (external) CIS administrator; and
  • Private Funds that are small, self-managed AIFMs.

 

European Venture Capital Fund (EuVeCa) and European Social Entrepreneurship Fund (EuSEF)

This section sets out:

  • What is a EuVeCa and a EuSEF; 
  • What this registration would allow you to do; and
  • How to register a EuVeCa or a EuSEF.

EuVeCa’s are funds which place a percentage of the investments supporting young and innovative companies.

EuSEF are funds that focus on investing in European social businesses.

The EuVeCa and EuSEF regimes are available to managers of undertakings for Collective Investments established in the European Economic Area falling below the Alternative Investment Fund Managers  Directive (AIFMD) threshold of €500 million applicable to managers managing unleveraged, closed-ended alternative investment funds (AIF).

What would this registration allow you to do?

EuVeCa and EuSEF regimes are allowed to passport and raise capital across Europe in return for complying with the investment rules, registration and minimum regulatory capital.

EuVeCa

Every fund wanting to use this label will have to provide evidence that a high percentage of investments (a minimum of 70% of the capital received from investors) will be spent in supporting young and innovative companies.

EuSEF

Every fund wanting to use this label will have to prove that a high percentage of investments (a minimum of 70% of the capital received from investors) will be spent in supporting social businesses.

The fund will need to provide evidence that the achievement of measurable positive social impact will be the primary objective of each of the undertakings the Fund invests in.

How to register a EuVECA and a EuSEF

If Fund Managers want to register as a EuVeCa or EuSEF, they are required to complete a one of the Registration Forms below and submit this to the GFSC via email at authorisations@gfsc.gi  

EUVeCa registration form

EUSEF registration form

 

External (non-Gibraltar) CIS Administrator

The administrator of an Experienced Investor Fund (EIF) must be domiciled and regulated in Gibraltar or, be established in a jurisdiction where it is regulated in accordance with a legislative and regulatory regime that provides,at least, the equivalent protection to the regime in Gibraltar. The appointment of fund administrators established outside of Gibraltar requires the Commission’s consent and is also subject to the consent of the Minister with responsibility for financial services.

Where a CIS Administrator established outside of Gibraltar wishes to provide services to EIFs, a Request Form found below should be completed and submitted to the GFSC.  

CIS Administrator form

 

Private Funds that are small, self-managed AIFMs

Although private funds are not regulated by the GFSC, the AIFMD requires the registration of small self-managed AIFMs.

Registration requires:

Please submit the form above via e-mail to authorisations@gfsc.gi with the following information in the subject field: ‘Name of Firm– Registration’ - please note that no paper copies need to be provided, unless indicated by the Authorisations team. 

Please note that we accept signed signature copies sent via e-mail and electronic signatures, which must originate from the Firm’s domain.