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Recital 4

Recital 4

(4)Access to, and use of, reliable company information from the registers are still hindered by barriers in cross-border situations. Firstly, company information that users, including companies and authorities, are looking for is not yet sufficiently available in national registers or on a cross-border level through the system of interconnection of registers. Secondly, the use of such company information in cross-border situations, including in administrative procedures before national authorities or Union institutions and bodies, in judicial proceedings or in the setting-up of cross-border subsidiaries or branches, is still hindered by time-consuming and costly procedures and requirements, including the need for an apostille or translation of company documents.

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