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Company law & corporate reporting


Company law

The existence of 28 different company law and corporate governance rulebooks in Europe is considered by the Commission as one of the main barriers to a Capital Markets Union. As a result, further reviews of the Accounting Directives and other relevant pieces of legislation in this field are expected over the next few years.

How does it affect private equity?

Changes to company law can impact the industry in multiple ways. For instance, they could require further reporting and thus increase administrative burdens on private equity-backed companies.


Corporate reporting

In 2014, the International Accounting Standards Board (IASB) adopted the International Financial Reporting Standards for financial instruments (IFRS 9). IFRS 9 sets out the requirements for recognising and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial items. IFRS 9 became applicable in the EU after having been endorsed by the Commission in 2016 and has been in force since January 2018 (although there is a delay until 2021 for insurance companies).

How does it affect private equity?

IFRS 9 impacts the private equity industry in different ways. The new accounting rules apply to LPs’ investment in GPs. In addition, the rules cover the treatment of GPs investments in portfolio companies, as well as direct investments by institutional investors in the equity of companies.

Company law library

Position paper

Position Paper on Corporate Sustainability Due Diligence Directive

09 Jun 2022
Download PDF 281.54 KB
Positions & consultation responses

Response to IASB Consultation on IFRS 9

28 Jan 2022
Download PDF 123.84 KB
Positions & consultation responses

Input to review of IPEV Valuation Guidelines

28 Jan 2022
Download PDF 116.19 KB
Positions & consultation responses

Response to EFRAG Consultation on Equity Instruments – Impairment and Recycling

01 Jun 2018
Download PDF 752.56 KB
Positions & consultation responses

Response to Capital Markets Union Mid-Term Consultation

17 Mar 2017
Download PDF 446.9 KB
Positions & consultation responses

Response to European Commission Call for Evidence on EU Regulatory Framework for Financial Services

31 Jan 2016
Download PDF 474.66 KB
Positions & consultation responses

EVCA-PAE Response to Green Paper on Capital Markets Union

13 May 2015
Download PDF 1.11 MB
Positions & consultation responses

EC Green Paper on Capital Markets Union

18 Feb 2015
Download PDF 235.29 KB
Positions & consultation responses

Response to IASB Exposure Draft (IFRS 10)

12 Sep 2014
Download PDF 96.63 KB
Positions & consultation responses

IASB exposure draft on investment entities

05 Jan 2012
Download PDF 106.35 KB
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Martin Bresson

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Christophe Verboomen

Public Affairs

Public Affairs Manager


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