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+Article 22 1. |
Article 22 1.While respecting the principle of proportionality, the competent authority shall take the appropriate measures referred to in paragraph 2, as applicable, where the manager of the qualifying social entrepreneurship fund:
(a)
fails to comply with the requirements that apply to the portfolio composition, in breach of Article 5;
(b)
markets, in breach of Article 6, the units and shares of a qualifying social entrepreneurship fund to non-eligible investors;
(c)
uses the designation ‘EuSEF’ but is not registered in accordance with Article 15, or the qualifying social entrepreneurship fund is not registered in accordance with Article 15a;
(d)
uses the designation ‘EuSEF’ for the marketing of funds which are not established in accordance with point (b)(iii) of Article 3(1);
(e)
has obtained registration through false statements or any other irregular means, in breach of Article 15 or Article 15a;
(f)
fails to act honestly, fairly or with due skill, care or diligence, in conducting their business, in breach of point (a) of Article 7;
(g)
fails to apply appropriate policies and procedures for preventing malpractices, in breach of point (b) of Article 7;
(h)
repeatedly fails to comply with the requirements under Article 13 regarding the annual report;
(i)
repeatedly fails to comply with the obligation to inform investors in accordance with Article 14. 1. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
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