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

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EXPLANATORY NOTE

(This note is not part of the Regulations)

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.

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