European Commission (EC)

This refers to the is the executive body of the European Union (EU) responsible for proposing legislation, implementing decisions and the day-to-day running of the EU.

The EC may refer to its members who represent member countries or, more typically, the civil service which administers EU legislation. EU legislation impacts on areas of business such as competition, finance, employment, market access, and taxation.

The European Commission is a term normally found in financial reporting.

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