EU Inc (the 28th regime) · 2026/0074(COD)
Supports a flexible EU company form for private growth but opposes its direct access to public markets without prior conversion to a standard listed company form.
Require companies to convert into a national or European corporate form before accessing public capital markets, limiting EU Inc. to private growth and professional investment only.
“EFAMA's recommendation is that access to public capital markets should be conditional on prior conversion into a national or European corporate form and be fully subject to the rules applicable to listed issuers. The EU Inc. regime should remain a tool for private growth and professional investment; it should not serve as a regulatory shortcut for admission to trading.”
EFAMA position on EU Inc. Regulation.pdf, page 2
If prior conversion is not mandated, restrict trading of EU Inc. companies to a dedicated MTF segment for professional investors only, limited to innovative start-ups with strict size and time limits.
“should policymakers not mandate prior conversion, trading in EU Inc. companies must include appropriate trading safeguards... access must be restricted to a dedicated segment of an MTF... eligibility for these trading arrangements should be restricted to innovative start-ups... and remain subject to strict size thresholds and time bounds to prevent the emergence of a permanent parallel regime.”
EFAMA position on EU Inc. Regulation.pdf, page 2
Oppose admission to trading of EU Inc. companies on SME Growth Markets, other MTFs, or regulated markets while they retain the EU Inc. legal form.
“EFAMA opposes the admission to trading of EU Inc. companies while they retain that legal form, whether on SME Growth Markets, other Multilateral Trading Facilities (MTFs), or regulated markets.”
EFAMA position on EU Inc. Regulation.pdf, page 1
Require prior conversion of EU Inc. companies to standardised corporate forms governed by EU Company Law Directive before admission to trading to ensure enforceable governance and investor protection.
“Admission to trading within the EU framework triggers a comprehensive set of obligations... These frameworks are designed around standardised corporate forms governed by the EU Company Law Directive (2017/1132)... Allowing EU Inc. companies to access trading venues without prior conversion into a fully compliant legal form would create regulatory asymmetries and arbitrage opportunities.”
EFAMA position on EU Inc. Regulation.pdf, page 1
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