Business information throughout the European Union will be easier to access and more integrated under new regulations both proposed and coming into effect this week.
This week marked the deadline for Member States to implement the first phase of a 2012 directive requiring the interconnection of business registers, according to an update by the European Commission. The first phase requires that business registers maintain up-to-date company information which third parties can rely on. Also, business registers must make information available on limited liability companies within 21 days of receipt of the documentation in most cases.
