FREEDOM OF MOVEMENT OF CAPITAL

CHAPTER XIII According to the Treaty the member states are obliged to abolish as between themselves all restrictions on the movement of capital belonging to persons resident in their territory and any discrimination based on the nationality or on the place of residence of the parties or on the place where such capital is invested. To that end they must liberilize their domestic rules governing the capital market and the credit system. Movements of capital to and from third countries remain within the power of the member states but they have to keep the Commission informed of such movements.

FREEDOM OF MOVEMENT OF CAPITAL

According to the Treaty the member states are obliged to abolish as between themselves all restrictions on the movement of capital belonging to persons resident in their territory and any discrimination based on the nationality or on the place of residence of the parties or on the place where such capital is invested. To that end they must liberilize their domestic rules governing the capital market and the credit system. Movements of capital to and from third countries remain within the power of the member states but they have to keep the Commission informed of such movements.

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