Licence or registration
Under the Alternative Investment Fund Managers Directive (AIFM), a manager needs a licence to manage an alternative investment fund and/or offer units therein to investors. In certain situations, a licence is not necessary, and a registration is sufficient.
Under scope and regimes you can read whether you fall under the licence regime or the registration regime. You can apply for a licence or registration via our Portal.
VC- and SEF's regime
A manager of one or more venture capital and/or social entrepreneurship funds that fall under the registration regime may be eligible for the VC and SEFs regime. The VC and SEFs regime means that venture capital and social entrepreneurship funds (within the meaning of the VC and SEFs regulations) can apply for a specific label. Using that label, units can be offered elsewhere in the EU without the manager having an AIFM licence. You can apply for the VC and/or SEF label via our Portal.