The Communication of Investments (Revocation) (EU Exit) Regulations 2018

Made: 5th November 2018

Laid before Parliament: 7th November 2018

Coming into force in accordance with regulation 1

The requirements of paragraph 3(2) of Schedule 7 to that Act (relating to the appropriate Parliamentary procedure for these Regulations) have been satisfied.

Citation and commencement

1

These Regulations may be cited as the Communication of Investments (Revocation) (EU Exit) Regulations 2018 and come into force on exit day.

Revocation of Regulations

2

The following Regulations are revoked—

• (a) Council Regulation (Euratom) No 2587/1999 of 2 December 1999 defining the investment projects to be communicated to the Commission in accordance with Article 41 of the Treaty establishing the European Atomic Energy Community;

• (b) Council Regulation (Euratom) No 1209/2000 of 8 June 2000 determining procedures for effecting the communications prescribed under Article 41 of the Treaty establishing the European Atomic Energy Community.

Signed

Richard Harrington — Parliamentary Under Secretary of State, Minister for Business and Industry — Department for Business, Energy and Industrial Strategy — 5th November 2018

Explanatory note

(This note is not part of the Regulations)

EXPLANATORY NOTE

These Regulations are made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) (“the Act”) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under section 8(2)(d)) arising from the withdrawal of the UK from the European Union.

Article 41 of the Euratom Treaty requires communication to the European Commission of certain nuclear investment projects and will cease to apply to the UK on its withdrawal from the EU.

Regulation 2 revokes two sets of Euratom Regulations relating to Article 41 which will be preserved by the Act but are no longer appropriate. Regulation 2587/1999 defines the projects to be communicated and Regulation 1209/2000 sets out the process for communicating projects to the Commission.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private or voluntary sector is foreseen.

An Explanatory Memorandum has been prepared and is available alongside this instrument at www.legislation.gov.uk.

Footnotes

[^f00001]: 2018 c. 16.