EU Inc (the 28th regime) · 2026/0074(COD)
Supports a modular EU company framework with distinct public and private tracks but wants the public track prioritised and strong safeguards for private firms.
Separate the regime into two tracks: one for public listed companies and one for private firms, with clear conversion pathways between them.
“BETTER FINANCE therefore calls for a modular EU framework with two distinct tracks, linked by clear conversion pathways: 1)Public track first... 2)Private track with safeguards...”
Feedback, 2025-09-30
Prioritise harmonisation of listed/public markets, especially large caps, rather than starting with unlisted start-ups or scale-ups.
“The priority should be to harmonise listed/public markets (starting with large caps), where millions of EU citizens already invest...”
Feedback, 2025-09-30
Implement digital-by-default incorporation with central registers and online processes to enhance comparability and reduce costs.
“Digitalisation can help: central registers and online incorporation could enhance comparability.”
Feedback, 2025-09-30
Use harmonised EU standards for technologies like DLT to reduce frictions in shareholder identification and cross-border filings, avoiding divergent national pilots.
“DLT could also reduce frictions in shareholder identification, cross-border filings and voting; but under harmonised EU standards (28th regime-ready), not divergent national pilots.”
Feedback, 2025-09-30
Ensure IPOs are enshrined as EU-level processes under ESMA supervision to guarantee consistency, comparability, and investor protection.
“A harmonised regime under ESMA supervision, overriding divergent national laws. IPOs must be enshrined as EU-level processes, ensuring consistency, comparability and investor protection.”
Feedback, 2025-09-30
For private firms, allow simplified incorporation with symbolic capital and SAFE-type instruments but under harmonised solvency and distribution tests and director liability rules.
“Private firms could benefit from simplified incorporation, symbolic capital, ESOPs, SAFE-type instruments and streamlined wind-up procedures but only under harmonised solvency/distribution tests, director liability...”
Feedback, 2025-09-30
Exclude or strictly limit share classes and MVRS in the public phase with harmonised sunset clauses to ensure equality and comparability.
“Clear rule of share classes, and on MVRS... once public they undermine equality and comparability. The 28th Regime should exclude them altogether or impose strict EU-wide limits with truly harmonised sunset clauses.”
Feedback, 2025-09-30
Include EU-wide employee share ownership schemes that are portable and transparent across borders for both private and public firms.
“The 28th Regime should also include: -EU-wide employee share ownership schemes, portable and transparent across borders, adapted to both private and public firms;”
Feedback, 2025-09-30
Enshrine hybrid AGMs as a shareholder right in EU law to enable cross-border participation.
“-Hybrid AGMs as a shareholder right, enshrined in EU law to enable cross-border participation, not left as optional corporate actions;”
Feedback, 2025-09-30
Include EU-level collective redress mechanisms to ensure accountability and investor confidence.
“Finaly, envisaging EU-level collective redress mechanisms, ensuring accountability and investor confidence.”
Feedback, 2025-09-30
Adopt a modular approach with a harmonised EU framework overriding national laws, especially for the public track, to reduce fragmentation and compliance costs.
Provide streamlined wind-up procedures for private firms within the harmonised framework.
“Private firms could benefit from... streamlined wind-up procedures but only under harmonised solvency/distribution tests...”
Feedback, 2025-09-30
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