The Financial Market Authority is the competent authority for the registration of Managers of European Social Entrepreneurship Funds (EuSEFs). The European Social Entrepreneurship Fund Regulation (Regulation (EU) No 346/2013 – EuSEF Regulation) forms the legal basis. This Regulation is intended to strengthen growth in social enterprises. Social enterprises are enterprises that make social services or goods available for persons who require protection, or are marginalised, deprived or socially excluded. Such services include finding places to live, access to healthcare services, looking after elderly or disabled people, childcare, access to employment and training and care management. EuSEF managers must be authorised as alternative investment funds managers (AIFMs), with the EuSEFs themselves being authorised as alternative investment funds (AIFs).
German: Europäischer Fonds für soziales Unternehmertum (EuSEF) (321)
Source: FMA AT m. e. E., 30.10.2018