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 Full text 
Tuesday, 14 February 2012 - Strasbourg Revised edition

Explanations of vote

Text tabled : A7-0022/2012

  Vilja Savisaar-Toomast (ALDE), in writing. (ET) Today I supported the adoption of the report on the interconnection of central, commercial and companies registers. The interconnection of commercial registers is an extremely necessary and long-awaited measure to further the development of the European Union economic area and increase legal certainty among citizens and companies. Considering the economic situation in recent years in the European Union and in its Member States, there has been a significant increase in the need to ensure and increase legal certainty when it comes to cross-border economic activities. Thus, it is important that a company in one Member State should be able to verify the legal status of its business partner and obtain information about that business partner, as this would increase the availability of data. Although this directive is quite technical in nature and deals with the interconnection of various countries’ registers and the exchange of information between them, it has a significant influence on the development of the EU’s internal market and is therefore of far greater importance than one may initially think. The changes to the directive accelerate the exchange of information and increase its availability to citizens and companies, thereby reducing the opportunities for malevolent or criminal individuals to exploit companies in different Member States and carry out illegal transactions.

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