Final Proposal for a Regulation on the Statute of the European Mutual Society (EMS) A Working Document from the European mutual sector
The present draft Regulation lays down a single statute applicable to the European mutual society (EMS) in order, inter alia, to remove all barriers to cross-border cooperation of mutual societies while taking account of their specific features.
This draft Regulation aims to introduce a new legal form in addition to the national forms of mutual societies; therefore the European mutual society must be considered to be a European legal form for mutual societies which has specific EU character. This Regulation leaves unchanged the different national laws already in existence, cannot be regarded as aiming to approximate the laws of the Member States applicable to mutual societies, but has as its purpose the creation of a new form of mutual society in addition to the national forms.
- Final Proposal for a Regulation on the Statute of the European Mutual Society (EMS): A Working Document from the European mutual sector