(This note is not part of the Order)
This Order declares the Convention on International Interests in Mobile Equipment and Protocol thereto on matters specific to Aircraft Equipment (“the treaty”) signed on 16th November 2001 to be an EU Treaty as defined by section 1(2) of the European Communities Act 1972.
The treaty is a private international law instrument which creates an international harmonised framework to deal with the registration of interests, such as leases and mortgages, on helicopters, aircraft frames and aircraft engines above a certain size and engine capacity.
The principle effect of declaring this Convention and Protocol to be an EU Treaty as defined by section 1(2) of the European Communities Act 1972 is that the provisions of section 2 of the European Communities Act 1972 apply to it, allowing it to be implemented in the UK.
A full Impact Assessment has not been carried out for this Order as the Order itself has no impact on the costs and benefits for business, the voluntary sector and public finances in the United Kingdom.