Quasi-equity finance for SMEs - A fi-compass model financial instrument

This document aims to describe a model financial instrument that managing authorities may use for quasi-equity financial instruments co-financed with shared management funds. The model financial instruments are intended to provide a number of examples pointing to the potential for managing authorities to use quasi-equity financial instruments in the 2021-2027 programming period. The document does not constitute formal guidance and the use of the models remains entirely under the responsibility of the managing authorities who have to ensure the correct application of the Common Provisions Regulation (CPR) under their own specific circumstances.