A Short Note on an Independent Scotland in Europe – The Regulatory State

7 Pages Posted: 1 Feb 2013

See all articles by Ewan Sutherland

Ewan Sutherland

University of the Witwatersrand, LINK Centre

Date Written: January 31, 2013

Abstract

If the plebiscite in Scotland, due in autumn 2014, results in its independence from the United Kingdom, it is expected to become a member state of the European Union (EU). One consequence of this is that Scotland would be required, by the acquis communitaire, to create a considerable number of regulatory institutions and to participate in European regulatory networks (ERNs). These would be required to be fully operational by the day of independence and the day of accession to the EU treaties, whichever is the sooner. Even without EU membership, most of these bodies would be unavoidable, though with greater freedom in their design and operation. Markets subject to regulation would be expected to suffer some uncertainty, but efforts would presumably be made to minimise these.

Keywords: European Union, United Kingdom, Scotland, Regulation, Regulatory State, Agency

JEL Classification: L90, L96, L97, L50, K20, K21, K23, L40, L80

Suggested Citation

Sutherland, Ewan, A Short Note on an Independent Scotland in Europe – The Regulatory State (January 31, 2013). Available at SSRN: https://ssrn.com/abstract=2207594 or http://dx.doi.org/10.2139/ssrn.2207594

Ewan Sutherland (Contact Author)

University of the Witwatersrand, LINK Centre ( email )

1 Jan Smuts Avenue
Wits
Johannesburg, Gauteng 2000
South Africa

HOME PAGE: http://link.wits.ac.za/

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