Council of the European Union and European Parliament 16 November 2011, Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits and repealing Council Decisions 2001/76/EC and 2001/77/EC

Also known as

Regulation (EU) No 1233/2011 establishes the framework for applying the Arrangement on Officially Supported Export Credits within the Union to ensure a level playing field and minimize market distortions in world trade. The regulation mandates Member States to comply with transparency and reporting measures, including the submission of annual activity reports detailing ECA assets, liabilities, and environmental risk assessments. It further empowers the Commission to adopt delegated acts to incorporate future amendments to the Arrangement's guidelines into Union law.AI