Glossary of European Union concepts, acronyms, & jargon conference entrusted Paul-Henri Spaak with the creation of a report that eventually led to the creation of 1957 Treaty of Rome. Oversees Countries and Territories (OCT), beneficiaries of the European Development Fund (EDF). An EU Directive, administered by the European Commission (Directorate General Internal Market) to regulate payment services and payment service providers throughout the European Union (EU) and European Economic Area (EEA). The Treaty of Rome established the European Communities (EC), comprising the European Economic Community (EEC), the European Atomic Energy Community (EAEC) and the European Coal and Steel Community (ECSC), and was signed in Rome on 25 March
High Authority of the European Coal and Steel Community reached. Future executives, the Commissions of the EEC and Euratom, would eventually be based in Brussels. High Authority of the European Coal and Steel Community The High Authority was the executive branch of the former European Coal and Steel Community (ECSC). It was created in 1951 and disbanded in 1967 when it was merged into the European Commission. The High Authority was at the core of the idea of the ECSC. It was to be an independent, supranational executive checked by a Common Assembly. There were concerns about this power, leading to a Council (of governments) and Parliament (of MPs)