The Central Bank has published application forms for EuVECA managers and application forms for EuSEF managers.  As highlighted in the May Front Page, the European Union (European Social Entrepreneurship Funds) Regulations 2015 (SI 166/2015) and the European Union (European Venture Capital Funds) Regulations 2015 (SI 167/2015) designate the Central Bank as the Competent Authority for European Social Entrepreneurship Funds (EuSEFs) and European Venture Capital Funds (EuVECAs). Both EuVECAs and EuSEFs are part of the European Commission's programme to expand capital markets in Europe and decrease the reliance on bank finance.

EuVECAs are the result of a European Commission project designed to strengthen venture capital financing across the European Union (EU) in order to realise the commercial potential of European small and medium enterprises.  EuVECAs allow EU-registered AIFMs to manage certain types of qualifying venture capital funds domiciled in the EU and to market, EuVECAs to professional (and certain other) investors throughout the EU.  EU registered AIFMs can market EuVECAs on a cross-border basis within the EU by way of a EuVECA passport without the threshold restrictions that apply to using a passport under AIFMD – Directive 2011/61/EU).

Sitting alongside EuVECAs, the European Commission has introduced the EuSEF regime as a means by which investment management products can intermediate capital from investors to "social businesses".  As with EuVECAs, EU registered AIFMs can market EuSEFs to professional (and certain other) investors on a cross-border within the EU without the threshold restrictions that apply to using a passport under AIFMD.