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Free movement of capital and payments

In: Research Handbook on EEA Internal Market Law

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  • Carsten Zatschler

Abstract

The free movement of capital and payments in the EEA, which is of particular importance to financial services, has been the subject of extensive secondary legislation. By way of consequence, in most cases, it will be the more specific provisions of directives and regulations which provide the relevant legal framework, with provisions of the EEA Agreement itself merely serving as general backdrop and guide to interpretation. A particular worry in the EFTA pillar of the EEA is the slow pace at which secondary legislation is incorporated: first into the EEA Agreement, and then national law. This has the effect of potentially undermining the participation of persons and businesses located in the EFTA-EEA states in the internal market, and conversely, persons and businesses in the EU accessing the markets of the EFTA-EEA states.

Suggested Citation

  • Carsten Zatschler, 2025. "Free movement of capital and payments," Chapters, in: Graham Butler (ed.), Research Handbook on EEA Internal Market Law, chapter 8, pages 150-176, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21527_8
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    File URL: https://www.elgaronline.com/doi/10.4337/9781803922461.00019
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    Law - Academic;

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