The Presidency has published a document describing the state of play of the European Venture Capital Funds (EVCA) and European Social Entrepreneurship Funds (ESEF) Regulations. Following the Council’s general approach of 22 June, the Presidency reached a political agreement with EP on 28 June. The Council has not yet confirmed this agreement with EP due to concerns of some Member States over new provisions on tax havens. The dissenting Member States are arguing that financial services legislation is not the right place to tackle taxation issues.(Source: EuVECA and EuSEF State of Play)