Article 50
From ACT Wiki
European Union - Brexit
'Article 50' deals with the procedure and timetable for a member state - for example the UK - to leave the European Union (EU).
Article 50 is part of the Lisbon Treaty of 2007.
It outlines a two-year timetable for negotiations, once a member state has notified its intention to withdraw from the EU.
The notification is often described as 'triggering' Article 50.
Prime Minister Theresa May has set a 'trigger date' of 29 March 2017 for the UK.
Any deal with the member state leaving the EU must be approved by a qualified majority of EU member states and can be vetoed by the European Parliament.
