# The EU Export Credits Legislation (Revocation) (EU Exit) (No. 2) Regulations 2019, Note: Explanatory note


(This note is not part of the Order)
These Regulations are made under the European Union (Withdrawal) Act 2018 as a consequence of the United Kingdom leaving the European Union. They revoke and replace the EU Export Credits Legislation (Revocation) (EU Exit) Regulations 2019 (S.I.2019/102) which contained an error in respect of the EU direct legislation which that instrument purportedly revoked.
These Regulations relate to Regulation (EU)1233/2011 on the application of certain guidelines in the field of officially supported export credits (and any delegated regulations made under it), 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 and Council Decision 2006/789/EC on consultation and information procedures in matters of credit insurance, credit guarantees and financial credits (codified version).
These Regulations come into force on exit day and revoke the above specified items of EU direct legislation as defined in regulation 2 as soon as they become part of domestic law when the United Kingdom leaves the European Union, by virtue of the operation of provision in the European Union (Withdrawal) Act 2018. This is because, at that time, the specified legislation will have no practical application in relation to the United Kingdom or any part of it or be redundant or substantially redundant or the arrangements contained in that legislation will no longer be appropriate.
No regulatory impact assessment has been prepared in relation to these Regulations as neither the legislation mentioned above nor these Regulations regulate or deregulate business.

---
Source: https://www.legislation.gov.uk/uksi/2019/969/note (the official version)
Page: https://openlegislation.uk/eu-export-credits-legislation-revocation-eu-exit-no-2-regulations-2019/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.