21 April 2005 — Consultation Response

Capital Maintenance Regime

FEE has responded to the European Commission regarding their proposal to amend the Second Directive as regards the formation of public limited liability companies and the maintenance and alteration of their capital. FEE fully supports the Commission’s initiative to simplify and improve the requirements on companies’ capital by providing a more flexible legal capital regime whilst ensuring that the capital of the company is maintained in the interest of creditors.

Comment Letter