October 28
2021
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Emilija Berzanskaite
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8th October 2021
Banking & Finance External Relations & Trade Internal Market

Regulation establishing Brexit Adjustment Reserve published

Regulation 2021/1755 of 6 October 2021 establishing the Brexit Adjustment Reserve has been published in the Official Journal. The Brexit Adjustment Reserve was established in order to provide support to counter the adverse consequences of the withdrawal of the United Kingdom from the EU and mitigate the related negative impact on economic, social and territorial cohesion.

The Reserve will cover in whole or in part the additional expenditure incurred and paid by public authorities in Member States for measures specifically taken to mitigate the negative consequences, including payments to public or private entities.  

According to the Regulation, Member States, when designing support measures and allocating the financial con

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