These Regulations are made in accordance with section 8 of the European Union (Withdrawal) Act 2018 (c.16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under subsection (2)(d)) arising from the withdrawal of the UK from the European Union.
Link: The European Union Budget, and Economic and Monetary Policy (EU Exit) Regulations 2019
Source: Legislation .gov.uk
