Lag om ändring av lagen om statens helägda aktiebolag Business Finland Venture Capital Ab
The company’s purpose is to develop the capital investment market by mainly addressing shortcomings in financing for early-stage companies.
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- Jurisdiction
- Finland
- Instrument
- Act or statute
- Citation
- 1003
- Version
- Undated source snapshot
- Language
- sv
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
The company’s purpose is to develop the capital investment market by mainly addressing shortcomings in financing for early-stage companies. The Ministry of Economic Affairs and Employment may, on special grounds and after a proposal from the Government Finance Policy Minister Committee, decide to give the company specific industrial or economic-policy assignments involving equity investments with state aid. A relevant investment may be carried out only after the European Commission has approved the decision, if EU state-aid law requires approval. Arbets- och näringsministeriet ska svara för ägarstyrningen av bolaget för den uppgift som avses i 2 § 2 mom. The company may take greater investment risk or accept lower returns within state-aid rules. It must notify the Ministry if it learns of a ground for stopping or recovering aid and help carry out stop/recovery decisions. The Ministry decides on stopping and recovery for certain supported investments. Late interest applies if a recovered amount is not paid by the due date set by the authority. When the company makes decisions on capital investments and guarantees, and prepares them, it must apply the listed administrative, language, publicity, electronic communication, data protection, information management, and Sámi language laws.
Available versions
Undated version · current
fi
Undated version · current
sv
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