Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-258-500"
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"en.20120913.29.4-258-500"2
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"The difficulties faced by many European businesses call loud and clear for an assumption of political responsibility to improve conditions for entrepreneurship. It is necessary to lay down a common framework of rules regarding the use of the designation ‘European Social Entrepreneurship Fund (EuSEF)’, in particular, on the composition of the portfolio of funds that operate under this designation, their eligible investment targets, the tools they may employ and the investors that are eligible to invest in such funds by uniform rules in the Union. In the absence of a common framework, there is a risk that Member States take diverging measures at national level having a direct negative impact on, and creating obstacles to, the good functioning of the internal market, since funds would be subject to different rules in different Member States. Moreover, diverging quality requirements on portfolio composition, investment targets and eligible investors could lead to different levels of investor protection and generate confusion as to the investment proposition associated with a European Social Entrepreneurship Fund. Investors should, lastly, be able to compare the investment propositions of different EuSEFs. It is necessary to remove significant obstacles to cross-border fundraising and to avoid distortions of competition between those funds."@en1
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