The European Commission has to ensure proper application of the Treaty provisions governing the freedom of capital movements. These provisions are directly applicable into the legal order of Member States. The Commission monitors restrictions to the free movement of capital and acts to eliminate any barrier which is incompatible with the Treaty. This is done through co-operation with the Member States or pursuit of infringement cases where appropriate.
Citizens and businesses can submit problems or complaints to the European Commission on condition that they relate to the application of EU law. Depending on the type of problem, citizens can use a problem solving instruments (SOLVIT or FIN-NET) or submit a complaint to the Commission's services.
- Monitoring activities and analysis
- Complaints by Citizens and Businesses
- Problem solving instruments:SOLVIT and FIN-NET
The EFTA Surveillance Authority is responsible for ensuring that capital moves freely between the EFTA States, and between those States and the EU Member States. The Authority monitors restrictions to the free movement of capital arising in the EFTA States.