Business Terms and Jargon Explained
What is Regulations - EURegulations are EC laws that are binding in their entirety across the EC and are directly applicable in all Member States. It is not necessary for Member States to enact their own legislation to put Regulations into effect, although domestic legislation may sometimes be necessary to remove inconsistent domestic law or to provide some domestic sanction for individuals who breach the terms of the Regulation. If a Member State has laws which conflict with a Regulation, the Regulation takes precedence.
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Term created / updated 2007-02-18 23:59:12
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