Commission Implementing Regulation (EU) No 594/2014 of 3 June 2014 laying down implementing technical standards with regard to the format of the notification according to Article 17(1) of Regulation (EU) No 346/2013 of the European Parliament and of the Council on European social entrepreneurship funds Text with EEA relevance

Commission Implementing Regulation (EU) No 594/2014of 3 June 2014laying down implementing technical standards with regard to the format of the notification according to Article 17(1) of Regulation (EU) No 346/2013 of the European Parliament and of the Council on European social entrepreneurship funds(Text with EEA relevance) THE EUROPEAN COMMISSION,Having regard to the Treaty on the Functioning of the European Union,Having regard to Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship fundsOJ L 115, 25.4.2013, p. 18., and in particular Article 17(5) thereof,Whereas:(1)Article 17(1) of Regulation (EU) No 346/2013 requires the competent authority of the home Member State of a European social entrepreneurship fund (EuSEF) to notify host Member States and the European Securities and Markets Authority (ESMA) of events related to the passport of the managers of qualified social entrepreneurship funds. Article 22(3) of that Regulation also requires the competent authority of the home Member State inform the competent authorities of the host Member States of the removal of a manager of a EuSEF from the register.(2)Taking into account that a dedicated IT tool for that notification has not yet been developed by ESMA, the use of e-mail is the most appropriate format for this type of notification among competent authorities and to ESMA. Therefore, a list of relevant e-mail addresses should be established by ESMA and made known to all competent authorities.(3)This Regulation is based on draft implementing technical standards submitted by ESMA to the Commission.(4)Given the limited scope and impact of the format for notification and taking into account that only competent authorities are to use the specific form established, ESMA did not conduct public consultations relating to introducing this format notification. ESMA requested the opinion of the ESMA Securities and Markets Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1095/2010 of the European Parliament and of the CouncilRegulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority) (OJ L 331, 15.12.2010, p. 84).,HAS ADOPTED THIS REGULATION:

Article 1Subject matterThis Regulation determines the format for notification among competent authorities and to ESMA of the supervisory information relating to the events provided for in Articles 17(1) and 22(3) of Regulation (EU) No 346/2013.

Article 2Format of the notificationThe competent authority of the home Member State of a European social entrepreneurship fund shall notify by e-mail the competent authorities of the host Member States and ESMA of the events set out in Articles 17(1) and 22(3) of Regulation (EU) No 346/2013 by filling in the form set out in the Annex to this Regulation.

Article 3List of e-mail addressesEach competent authority shall communicate to ESMA the relevant e-mail address for notification of supervisory information.ESMA shall make known to all competent authorities the list of relevant e-mail addresses, including the relevant e-mail address of ESMA.

Article 4Entry into forceThis Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 3 June 2014.For the CommissionThe PresidentJosé Manuel BarrosoANNEXNotification of registration of a European social entrepreneurship funds (EuSEF) manager or update of information already notified