The purpose of this proposal made by the European Commission is to undertake a codification of Council Regulation (EC) No 2271/96 of 22 November 1996 protecting against the effects of the extra-territorial application of legislation adopted by a third country, and actions based thereon or resulting therefrom. The new Regulation will supersede the various acts incorporated in it, fully preserving the content of the acts being codified.
At the same time, it also makes certain amendments to Articles 5 and 12 of Regulation (EC) No 2271/96, with a view to delegating powers to the Commission.