2nd October 2017

EC publishes assessment of offers to host EBA and EMA agencies, currently located in the UK

There have been 8 offers to host the European Banking Authority (EBA) and 19 offers to host the European Medicines Agency (EMA).

On the basis of the Commission's assessment, the Council will have a political discussion at the General Affairs Council (Article 50 format) in October 2017. In order to allow for a smooth and timely relocation of the two agencies, a final decision will be taken at the General Affairs Council (Article 50 format) in November 2017.

The decision to relocate the EMA and the EBA – both of which are currently situated in London – is for the governments of the 27 Member States to take. Their relocation is a direct consequence of the United Kingdom's decision to leave the European Union, as notified to the European Council on 29 March 2017. It does not form part of the Brexit negotiations, but is to be discussed exclusively between the 27 EU Member States. The Commission has repeatedly called for a quick decision on the transfer. The EMA and the EBA are two key regulatory agencies for the EU's Single Market, and are essential for the authorisation of medicines and bank regulation. They must continue to function smoothly and without disruption beyond March 2019.

Read details.

Members of the American Chamber of Commerce in the Czech Republic