free movement of capital

free movement of capital

insofar as is necessary to ensure the functioning of the COMMON MARKET, the law of the EUROPEAN UNION compels the member states to allow capital of residents to move freely regardless of discrimination based on nationality or the place of investment of the capital. The treaty provision was extended by a 1988 directive which enshrined the principle of full liberalization of capital movements between Member States with effect from 1 July 1990. It intended to abolish the general arrangements for restrictions on movements of capital between persons resident in Member States. ‘Capital movements’ are all the operations necessary for the purposes of capital movements carried out by a natural or legal person, including direct investments, investments in real estate, operations in securities and in current and deposit accounts, and financial loans and credits. Provision is made for emergency measures.
References in periodicals archive ?
They want a fake Brexit where the UK remains under the control of EU laws and courts and is forced to accept free movement of capital and labour.
They describe East African and European integration; the institutional and legal frameworks of the East African Community and the European Union; the scope, nature, and effects of East African Community law and European Union law; external relations in each context; general principles governing East African Community integration and EU law; judicial protection, preliminary references, the common market, free movement of goods, free movement of workers, freedom of establishment and the freedom to provide services, free movement of capital, and competition law in each context; judicial enforcement and implementation of East African community law; and harmonization in the East African Community.
and Europe are a vocal if distorted working-class protest against the social breakdown and precarious existence intimately linked to the free movement of capital, deregulated labour markets and the destruction of manufacturing capacity.
If we vote to leave, then the EU could propose an alternative association arrangement (eg a mutual trade access, and limited participation deal in some programmes, in return for us accepting the EU legislation, free movement of capital and labour, and a British budget contribution) as part of our departure agreement.
Abdul-Ghani explained that the facilitations are given by the Sudanese government in the free zones, noting that his ministry's vision in this area is to allow the free movement of capital, investment and commercial activity.
BRUSSELS, June 29 (KUNA) -- The European Commission Monday said the decision by the Greek government to put temporary restrictions on the free movement of capital which were announced in Athens Sunday evening were justified but stressed that they must be lifted as soon as possible.
He added that the protocol aimed to establish a conducive environment on finance and investment policies for member states in a bid to go well will SADC aims including free movement of capital, commodities, human resource and services.
Fitch said the banks' IDRs continued to reflect the strong capital controls in place, including, among others, restrictions on the free movement of capital within Cyprus.
The restrictions imposed by the Netherlands' legislation on shareholding in electricity or gas distribution system operators run counter to the free movement of capital.
Intelligence Squared US Debates - Kaufman Center If we value a free market in goods and free movement of capital, should we embrace the free movement of labor?
The European Commission has requested from Bulgaria Thursday to respect EU rules on free movement of capital, under Article 63 of the Treaty on the Functioning of the EU.
He reiterated in a press release today that "the Lebanese banking system ensures free movement of capital based on confidentiality.