European Union: EU Proposed Regulation Moving The European Banking Authority To Paris Due To Brexit

On November 29, 2017, the European Commission published a proposed Regulation to formalize the decision to move the EBA from London to Paris as a result of the decision by the UK to leave the EU. The proposed Regulation willapply from the date on which the European Union Treaties cease to apply to the UK or from March 30, 2019, whicheveris earlier. The proposed Regulation only confirms the move and does not address any of the operational aspects.

Feedback on the proposed Regulation is possible until January 29, 2018.

The proposed Regulation is available at: http://ec.europa.eu/transparency/regdoc/rep/1/2017/EN/COM-2017-734-1-ENMAIN-PART-1.PDF .

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