Nº 4 / 2015 - octubre-diciembre
Introduction to management companies of closed-ended collective investment entities: honorability of directors and delegates and suitability of shareholders
The Law 22/2014 has amended the regulation on private equity and venture capital entities: management companies of private equity and venture capital entities have been replaced by management companies of closed-ended collective investment entities (“SGEIC” in Spanish). This article introduces the legal framework for this new type of investment vehicle: in particular, it details the legal form that the SGEIC must take and the requirements that must be formalized before regulatory institutions. Furthermore, it also analyzes the honorability of the members of the Board of Directors and the delegates, as well as the suitability of significant shareholders.
Keywords: Management companies of closed-ended collective investment entities; SGEIC; private equity and venture capital; Law 22/2014.
DIRECCIÓN REVISTA ESPAÑOLA DE CAPITAL RIESGO
Catedrático de Derecho Mercantil
Universidad de Valencia
DIRECCIÓN BOLETÍN DE ACTUALIDAD DEL MERCADO ESPAÑOL DE CAPITAL RIESGO
Instituto de Capital Riesgo (INCARI)