# Regulation (EU) No 1173/2011 of the European Parliament and of the Council of 16 November 2011 on the effective enforcement of budgetary surveillance in the euro area, Article 1: Subject matter and scope

Extent: E+W+S+N.I.

1. This Regulation sets out a system of sanctions for enhancing the enforcement of the preventive and corrective parts of the Stability and Growth Pact in the euro area.
2. This Regulation shall apply to Member States whose currency is the euro.

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Source: https://www.legislation.gov.uk/eur/2011/1173/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2011-1173/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.