FESE response to the Commission consultation on the 28th regime

FESE welcomes the European Commission’s initiative to introduce a 28th regime for company law, aiming to foster a more integrated, competitive, and innovative Single Market.

• Broad Scope & Flexibility: FESE advocates for the broadest possible scope for the 28th regime, covering both private and public legal forms. Limiting the regime to a subset of companies would discourage future IPOs and undermine the goal of supporting companies throughout their lifecycle.
• Access to Finance & Capital Markets: The regime should facilitate access to both private and public capital, including easier admission to regulated stock markets and Multilateral Trading Facilities. FESE supports the use of multiple share classes, including MVR shares, to help founders retain control while raising capital.
• Digital-First Approach: All procedures for 28th regime companies should be fully digital, with a European digital registration system accessible in real time across all Member States. A digital one-stop shop and the “once-only” principle should streamline registration, licensing, and reporting.