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In January 2007, the Commission presented an ambitious Action Programme aimed at reducing administrative burdens on businesses in the EU by 25% in 2012. The Action Programme was endorsed by the Spring European Council in March 2007. The Council specifically agreed to the joint reduction target and invited Member States to “set national targets of comparable ambition”.
Initiatives in the Commission’s pipeline for 2008-2009 include the revision of the company law, accounting and auditing acquis, in particular issues on information requirements, and simplification of disclosure requirements for companies.
Commission Working Documents:
Reducing administrative burdens in the European Union
Second progress report on the strategy for simplifying the regulatory environment
Communication
Second strategic review of Better Regulation