Introduction Section 1:
15. Section 1 provides (a) that the Council decision of 26 May 2014 on the system of own resources of the EU (2014/335/EU, Euratom) is approved for the purposes of subsection (1) of section 7 of the European Union Act 2011(decisions requiring approval by Act of Parliament) and (b) that the new ORD shall be added to the list of EU Treaties (Community Treaties) in section 1(2) of the European Communities Act 1972, thus allowing payments made by the United Kingdom pursuant to the Decision to be charged directly on the Consolidated Fund or the National Loans Fund under section 2(3) of that Act.