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The EGTC Regulation

General aspects

Scope
The scope of the EGTC regulation is as follows:

Use
It is primarily a tool be used for the management of EU Structural Funds, but different functions can be envisaged for an EGTC:

Legal personality
The EGTC has a legal personality and capacity recognised by EU law: can thus acquire property, hire personnel, be party to legal proceedings (Art.1). Legal personality is acquired on the day of the registration and/or publication of its statutes (Art.5).

Setting-up
The setting up on an EGTC is optional (Preamble (8)).

Implementation aspects

Scope of action/limits (Art.7):

Applicable law: The law applicable is the law of the Member State where the EGTC has its registered office (Art.6).

Membership (Article 3)

Entry into Force

The regulation was published in the Official Journal of the European Communities on 31 July 2006. Coming into force on 1 August 2006, the regulation gives the Member States one year to take the measures enabling its effective application.

Calendar

Review

The European Commission must report on the application of the Regulation by 1 August 2011, including the proposal for amendments if necessary.

Page updated on 22.10.2006