Summary
3.The purpose of the Act is to provide for the Parliamentary approval of the European Council Decision (2011/199/EU) of 25 March 2011 (“the Treaty amendment Decision”) amending Article 136 of the Treaty on the Functioning of the European Union (“TFEU”) with regard to a stability mechanism for Member States whose currency is the euro. Section 3 of the European Union Act 2011 (“the 2011 Act”) requires a decision of this kind to be approved by Act of Parliament before it can be ratified by the UK.  This Act enables the UK to ratify the Treaty amendment Decision.