Source: European Parliament
This in-depth analysis, commissioned by the European Parliament’s Policy Department for Justice, Civil Liberties and Institutional Affairs at the request of the Committee on Legal Affairs, examines the scope of the proposed 28th regime. For the 28th regime to be successful, it needs to be user-friendly and widely adopted, thereby fostering trust and investment. Restricting access to ‘innovative companies’ could create bureaucratic obstacles that would discourage entrepreneurs and investors. Rather than restricting access, the 28th regime should be open to businesses of all kinds and designed to meet the needs of innovative businesses, including those with an exit strategy who wish to attract VC funding and those with a vision of long-term independence. Broad access to most parts of the 28th regime – especially in the area of company law – should be combined with targeted measures to a modular approach.