EURACTIV PR

An easy way of publishing your relevant EU press releases.

Cross border sharing of Business Registers: a sensible way to enhance stakeholder confidence in European Companies

Date

01 Feb 2010

27 January 2010


Making the company information which is currently held on national business registers available all over the EU is a practical way of making the single market more connected, says the global accountancy body ACCA (the Association of Chartered Certified Accountants) in its official response to a European Commission stakeholders’ consultation called the Interconnection of Business Registers.

ACCA welcomes wholeheartedly the European Commission's initiative to integrate all nationally-held information about private companies. The Association strongly encourages the EU executive to proceed, while recognising that there are considerable legal and technical hurdles to be overcome before a truly integrated system for sharing business information is available across the whole EU. John Davies, ACCA’s head of Business Law, says: ""There is currently no mechanism to make this information systematically available on a cross-border basis.

"There are two fundamental requirements for any EU-wide network of business registers. Firstly, the information contained within the registers must be kept up to date across territorial boundaries, and this will need to be done automatically. Secondly, the portal for user access to the information must be effective for them and designed in such a way as to encourage the widest possible use of the information."

Enabling individuals and businesses to routinely access reliable and transparent data on companies based in other countries will serve the purpose of encouraging cross-border trade and cross-border investment. "Making company data easily available is also essential to establish stakeholder confidence in the planned European Private Company and its application to SMEs, John Davies concludes.

 

- ends -

 

For further information, please contact:

Cecile Bonino

tel:+32 (0) 2 286 11 37

mob: +44 (0) 7809595008

cecile.bonino@accaglobal.com

 

Jobs

Forum CTEP GmbH
Debate Editor (f/m/d)
Intercultural Dialogue Platform
Videography & Media Intern (Paid Internship)
Intercultural Dialogue Platform
Social Media & Graphics Intern (Paid Internship)
CENTRE TECNOLÒGIC DE TELECOMUNICACIONS DE CATALUNYA - CTTC
Researcher position in Communication Technologies Division - SMARTECH Department
One Policy Place (OPP)
Policy Analyst - EU Finance Policy
INEA - Innovation and Networks Executive Agency
PROJECT OFFICER Horizon 2020 Research and Innovation - Transport
Eastern and Midland Regional Assembly
EU support officer
European Venture Philanthropy Association (EVPA)
Marketing and Communications Intern
Forum CTEP GmbH
Community Manager (m/f/d)