FEE welcomes the initiative taken by the European Commission to examine the possibilities for introducing alternatives to the current capital maintenance system and making distribution to shareholders more flexible.

This FEE Study aims at providing a substantial and constructive contribution to this debate. It proposes the gradual introduction of an alternative to the current capital maintenance rules in the form of a solvency-based regime that Member States should have the option to offer to companies next to the current regime.

FEE invites all stakeholders to discuss and comment its findings.

Related files:

Detailed Summary of Responses to FEE Survey on Alternatives to Capital Maintenance Regimes
FEE Discussion Paper Alternatives to Capital Maintenance Regimes
Press Release