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New version applies from 01/03/2018 — introduced by Regulation (EU) 2017/1991. 30 provisions change. Later versions: 02/08/2021, 09/01/2024. Article 11 changes in this version: compare with the current text.

Article 11

Article 11

1. At all times, managers of qualifying social entrepreneurship funds shall have sufficient own funds and use adequate and appropriate human and technical resources as necessary for the proper management of the qualifying social entrepreneurship fund that they manage.

2. At all times, managers of qualifying social entrepreneurship funds shall ensure that they are able to justify the sufficiency of their own funds to maintain operational continuity and disclose their reasoning as to why those funds are sufficient as specified in Article 14.

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