EU Inc (the 28th regime) · 2026/0074(COD)
Supports the harmonised EU Inc structure but wants changes to the Digital Register and shareholder rights provisions for better market compatibility and clarity.
Support start-up and scale-up entities with a digital by default entity lifecycle.
“Computershare supports the introduction of the harmonised EU Inc corporate structure under the 28th Regime, and the intent to support start-up and scale-up entities with a digital by default entity lifecycle.”
Feedback, 2026-06-25
Prescribe key dates for general meetings such as minimum notice periods, record date, proxy deadlines, vote confirmation, and publication of results to ensure strong governance and avoid confusion.
“Article 47 - In order to ensure strong governance arrangements and avoid confusion, consideration should be given to prescribing the key dates for general meetings i.e. minimum notice periods, record date (structured to minimise the risk of empty voting), deadlines for proxy appointment, vote confirmation, publication of results etc.”
Feedback, 2026-06-25
Streamline the Digital Register details by removing the requirement to record the amount of consideration paid for shares to ease transition to trading environments.
“We urge you to streamline the details required to be held on the Register to support a smooth transition from start-up/scale-up to trading environments e.g. remove the requirement to record the amount of consideration paid in cash, or consideration in kind, for acquisition of shares.”
Feedback, 2026-06-25
Allow flexibility in voting rights so shareholders may vote differently on different shares to support future omnibus positions.
“We suggest that the requirement that a shareholder may not vote differently on different shares be reconsidered, to provide future flexibility in how shareholder rights are exercised e.g. the use of omnibus positions as the companys position matures.”
Feedback, 2026-06-25
Clarify the legal and evidential status of the Digital Certificate, including whether it is a continuing expression of ownership or a point-in-time statement, and clarify cancellation requirements.
“We request greater clarity around the legal and evidential status of the Digital Certificate, and whether this is expected to be a continuing expression of ownership or a statement of acquisition as at a point in time. As there is no express requirement to cancel the Digital Certificate when the share position is transferred to another holder, it is important to clarify its continuing legal effect and purpose.”
Feedback, 2026-06-25
Include a right for issuers to require disclosure when the person on the Digital Register is not the end investor.
“We also suggest inclusion of a right for issuers to require disclosure where the person entered onto the Digital Register is not the end investor.”
Feedback, 2026-06-25
Assign the identifier to each shareholding rather than each share for practical effectiveness.
“Article 54 - The identifier to be assigned to each share should be assigned to each shareholding, to be more practically effective.”
Feedback, 2026-06-25
Clarify which transfer restrictions are considered restrictive, including whether national authorities can impose stamp duty, and confirm that notifications by transferees are not required for transmissions by operation of law.
“Article 59 - Clarification is required as to which requirements or conditions would be considered restrictive in the context of transfers of shares e.g. whether national authorities would be prevented from imposing stamp duty. For transmissions to facilitate the operation of law e.g. death/bankruptcy, we note that common practice is for such transactions to be notified solely by the party acting on the transferors behalf and notifications by the transferee are not ordinarily required.”
Feedback, 2026-06-25
Ensure the Digital Register is adaptable and interoperable with existing market infrastructures and tokenisation platforms to support coexistence and future market transitions.
“To capture the benefits of the EU Inc structure, the Digital Register should be sufficiently adaptable to preserve the benefits of recording investors in the Register while supporting adaptable and interoperable interaction with market infrastructures e.g. by allowing the Register, existing CSD structures and evolving tokenisation platforms the potential to co-exist. We envisage that the Register could be used as a bridge to link access to tokenised environments and existing market infrastructure.”
Feedback, 2026-06-25
Open source underneath
WhoShapedIt is a thin layer on open-source packages. Star them, fork them, build your own micro.
Open-source context and state for AI: it keeps only what matters for the question.
In WhoShapedIt: Reads every lobby submission and position paper and each official text, cut into passages, and judges each passage against nine questions (who can use EU Inc, workers on the board, tax…), so every ask and every step is read on the passages that address it.
Open-source Svelte components for clean, accessible interfaces.
In WhoShapedIt: The status, the timeline, the theme picker, the camps of lobbies and the organisation pages.
Also built with SvelteKit · Vercel AI SDK · Zod