The Hungarian Venture and Private Capital Association (MKME) urges a uniform system for the regulation of venture capital investments in the EU, association president Julian Tzvetkov said on Tuesday.
Venture capital regulations in the EU currently vary from state to state. Meeting requirements in several is often prohibitively expensive for smaller investment companies. It is no wonder that of the 35-40 venture capital funds in Hungary, none target the segment under €5 million, Tzvetkov said. “A uniform European venture and private capital regulation is needed, to provide a secure environment for the free movement of private capital, eliminating the disadvantage suffered by investors active in smaller countries and on smaller markets,” he said.
He added that the European Commission would soon publish a white book on guidelines for regulation of venture capital investments.