Kernel Capital confirms MiFID Approval
February 9, 2009: Kernel Capital Management Partners Limited t/a Kernel Capital secure MIFID approval from the Financial Regulator.
Commenting on the MIFID approval, Kernel Capital’s ‘Head of Compliance’ Denise Sidhu said; "This approval is very
important to us, Kernel has invested considerable resources and time to ensure compliance under MiFID."
Kernel Capital was advised on the process by KPMG.
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About MiFID
MiFID is changing the landscape in Europe and is a significant part of the European Union’s Financial Services
Action Plan (FSAP), which is designed to create a single market in financial services. With effect from 1 November
2007, Markets in Financial Instruments Directive (MiFID), 2004/39/EC replaced the Investment Services Directive
(ISD) in Ireland. It was transposed in to Irish Law in on the 15 February, 2007 by the European Communities
(Markets in Financial Instruments) Regulations 2007. The purpose of MiFID is to protect consumers, increase
competition within Europe, harmonise standards for investment firms and provide access to trade financial
instruments across Europe.
About Kernel Capital
Kernel Capital is one of Ireland’s largest and most active venture capital funds. Established in 2002 the firm has an
excellent portfolio of investee companies across, technology, life science and general industry. With investment
funds of €170M under management through Kernel Capital and its associate company Seroba Kernel. The firm
targets investment opportunities in the €2M to €10M range at enterprise valuations of €5M to €50M+. All sectors and
all stages of a company’s development are considered. Investments larger than €10M are syndicated with others
and when we deem appropriate amounts below €2M may be invested. The firm maintains an open mind on the
method of investment, judging each proposition on its merits.
For additional information visit www.kernelcapital.ie
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