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.
Summary