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THE INTERCONNECTION OF BUSINESS REGISTERS

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Opinion Number: CDR 20/2010
Rapporteur: SILBERG Uno
Commission: ECOS-V
Status: Adopted
Date: 09/06/2010
 
THE COMMITTEE OF THE REGIONS



- draws attention to the decisive role of the Committee of the Regions, which as representative of the interests of the local and regional authorities has put forward options and alternative proposals in its previous opinions with a view to promoting the smooth operation of the internal market, increasing transparency, facilitating the exchange of information and lightening the burden of administration at both local and regional level;

- recognises the vital significance of business registers to ensure the efficient functioning of the single market by providing reliable and up-to-date information for commercial purposes or to facilitate access to justice for all parties in all Member States;

- notes that access to information on cross-border mergers, seat transfers or establishment of branches in other Member States is a day-to-day necessity for the smooth functioning of the single market;

- stresses that obstacles to cross-border company law processes can, rather, be attributed to the lack of a pan-European system of electronic identification, for example a European electronic identity card, which would make it possible to allow the use of a legally binding digital signature and for this to be mutually recognised. This would be one of the main areas which would need to be rapidly tackled as part of the process of interconnecting business registers.
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