NFU Press Release: European Parliament Sets Course for a Balanced 28th Regime

As the European Parliament adopted the even-headed approach of the report adopted by the JURI Committee and submitted to plenary on the 28th Regime, the Nordic Financial Unions (NFU) welcome the report as a step toward a balanced and constitutionally sound framework for cross-border company activity.

With the European Commission currently preparing a legislative proposal, expected in early 2026, the European Parliament’s report will shape the design of this new legal instrument. NFU supports the decisions by MEPs to endorse the JURI approach and to make sure that any legislative proposal moves away from a deregulatory “EU company brand” and toward a targeted, legally grounded and socially responsible instrument.

In particular, NFU supports the report’s emphasis on:

• a limited and modular scope, focused on start-ups and scale-ups rather than a freestanding supranational company form;
• a clear legal basis under Articles 50 and 114 TFEU, respecting EU competence limits and avoiding over-extension into taxation and labour law;
• strong labour and social safeguards, including the protection of codetermination and collective bargaining;
• the avoidance of Bolkestein-style liberalisation logic that would sidestep national regulatory autonomy.

“JURI had sent an important political signal: the 28th Regime must be an integrative, not a deregulatory, project,” said Anna-Delia Papenberg, Head of EU Affairs at NFU.“By grounding the initiative in the Treaties, narrowing its scope, and embedding labour and social protections, the report shows that competitiveness and social cohesion are not opposites but design choices.”