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Document 11957E067

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART TWO - FOUNDATIONS OF THE COMMUNITY, TITLE III - FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL, CHAPTER 4: CAPITAL, ARTICLE 67

Legal status of the document In force

ELI: http://data.europa.eu/eli/treaty/teec/art_67/sign

Date of document:
25/03/1957
Date of effect:
01/01/1958; Entry into force See 157E247
Date of end of validity:
No end date
Author:
The six Member States: Belgium, Germany, France, Italy, Luxembourg, Netherlands
Form:
Treaty
Authentic language:
German, French, Italian, Dutch
Treaty:
Treaty establishing the European Economic Community
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11957E067

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART TWO - FOUNDATIONS OF THE COMMUNITY, TITLE III - FREE MOVEMENT OF PERSONS, SERVICES AND CAPITAL, CHAPTER 4: CAPITAL, ARTICLE 67


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ARTICLE 67

1 . DURING THE TRANSITIONAL PERIOD AND TO THE EXTENT NECESSARY TO ENSURE THE PROPER FUNCTIONING OF THE COMMON MARKET , MEMBER STATES SHALL PROGRESSIVELY ABOLISH BETWEEN THEMSELVES ALL RESTRICTIONS ON THE MOVEMENT OF CAPITAL BELONGING TO PERSONS RESIDENT IN MEMBER STATES 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 .

2 . CURRENT PAYMENTS CONNECTED WITH THE MOVEMENT OF CAPITAL BETWEEN MEMBER STATES SHALL BE FREED FROM ALL RESTRICTIONS BY THE END OF THE FIRST STAGE AT THE LATEST .

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