Statutory Instruments
2019 No. 969
Exiting The European Union
Export And Investment Guarantees
The EU Export Credits Legislation (Revocation) (EU Exit) (No. 2) Regulations 2019
Sift requirements satisfied
21st May 2019
Made
23rd May 2019
Laid before Parliament
28th May 2019
Coming into force in accordance with regulation 1
The Secretary of State makes these Regulations in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018( 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—
(a) may be cited as the EU Export Credits Legislation (Revocation) (EU Exit) (No. 2) Regulations 2019; and
(b) come into force on whichever is the later of exit day and the day after the day on which they are made.
Interpretation
2. In these Regulations, “the EC Legislation” means—
(a) Council Decision 82/854/EEC on the rules applicable, in the fields of export guarantees and finance for export, to certain subcontracts with parties in other Member States of the European Communities or in non-member countries( 2 );
(b) Council Decision 2006/789/EC on consultation and information procedures in matters of credit insurance, credit guarantees and financial credits (Codified version)( 3 ); and
(c) Regulation (EU) No. 1233/2011 of the European Parliament and of the Council on the application of certain guidelines in the field of officially supported export credits and repealing Council Decisions 2001/76/EC and 2001/77/EC ( 4 ), Commission Delegated Regulation (EU) No. 727/2013( 5 ), Commission Delegated Regulation (EU) No. 2016/155( 6 ), Commission Delegated Regulation (EU) 2018/179 of 25 September 2017( 7 ), and any other delegated regulation issued by the Commission pursuant to Regulation (EU) No. 1233/2011 before exit day.
Revocation of retained direct EU legislation
3. The EC Legislation is revoked.
Revocation of The EU Export Credits Legislation (Revocation) (EU Exit) Regulations 2019
4. The EU Export Credits Legislation (Revocation) (EU Exit) Regulations 2019( 8 ) are revoked and replaced.
George Hollingbery
Minister of State for Trade Policy
Department for International Trade
23rd May 2019
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