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| 20. | For example, legislative programmes can contain one or more of the following restrictions to comply with Article 133(5)(c) CRR: (1) absolute and relative caps to size of the investment; (2) focusing the investment on EU-based companies; (3) focusing the investment to undertakings meeting the definition of SME, small mid-cap, start-up or scale-up; (4) targeting a diversified portfolio of undertakings under the equity investment, in terms of the number of undertakings, geographic distribution and/or year of investment; (5) non-pari passu arrangements.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.