European Union (Finance) Bill

Explanatory Notes

Commencement

17 The Bill will come into force two months after Royal Assent. The ORD requires approval by Member States in accordance with their constitutional requirements. It will enter into force on the first day of the month following receipt by the European Commission of the final notification of Member State approval but will apply retrospectively to 1 January 2014.

Prepared 8th June 2015