21 April 2008

FEE supports measures to reduce administrative burdens

Commenting on the four proposals for fast track measures to reduce administrative burdens in the area of company law and accounting, FEE President Jacques Potdevin stated that "these simplification measures are helpful and well targeted: they concern excessive, costly and outdated administrative requirements, which could be eliminated without detriment to the public interest.”

FEE CEO Boutellis-Taft noted that the Commission adopted the correct approach and will resist political pressure to rush. However, most red tape originates from Member States administrations, not the EU, Boutellis-Taft said.

© FEE