Press Release: Free movement of capital: Commission requests Slovakia to remove investment restrictions on statutory pension funds

The European Commission has decided to formally request Slovakia to remove certain investment restrictions on statutory pension funds, which in the Commission's view constitute an infringement of Article 63 TFEU prohibiting restrictions on the free movement of capital. This formal request takes the form of a supplementary "reasoned opinion", the second stage of the infringement procedure laid down in Article 258 TFEU. If there is no satisfactory reply within two months, the Commission may refer the matter to the Court of Justice of the European Union.