Explanatory note

This Order confers privileges and immunities on the European Bank for Reconstruction and Development, its officers and employees, experts performing missions for the Bank and representatives of Members. These privileges and immunities are conferred in accordance with Chapter VIII of the Agreement Establishing the European Bank for Reconstruction and Development (Cm.1116) and a Headquarters Agreement which has been negotiated between Her Majesty’s Government and the Bank (Cm. 1440). It will enable Her Majesty’s Government to give effect to those Agreements, and will come into force on the date on which the Headquarters Agreement enters into force with respect to the United Kingdom.