REDUCING ADMINISTRATIVE BURDENS AND INCREASING LEGAL CERTAINTY AND TRANSPARENCY OF BUSINESS - DIRECTIVE 2012/17/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 13 JUNE 2012 AMENDING COUNCIL DIRECTIVE 89/666/EEC AND DIRECTIVES 2005/56/EC AND 2009/101/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL AS REGARDS THE INTERCONNECTION OF CENTRAL, COMMERCIAL AND COMPANIES REGISTERS

Abstract

The Directive 2012/17/EU of the European Parliament and of the Council of 13 June 2012, modifies three important company law directives, and is introducing also a new business registers interconnection system (BRIS). As article 2 from the consolidated version of the Treaty on European Union provides1 the Union has set itself as an objective, promotion of economic progress through an area without internal frontiers but we must observe that such an approach needs permanent cross-border access to specific legal regulations and formalities applicable to the performed operations in each Member State. This article aims to point the steps to be made to achieve the goal of the Directive 2012/17/EU underlining the measures to be taken in each Member State in the process of implementing it.

Keywords

• interconnection
• administrative burdens
• BRIS
• fees
• implementation levels.