Activites

• 2005/07/22 Final act published in Official Journal
  • Regulation 2005/1161
  • OJ L 191 22.07.2005, p. 0022-0028
• 2005/07/06 Final act signed
• 2005/07/06 End of procedure in Parliament
• 2005/05/26 Results of vote in Parliament
  • Results of vote in Parliament
  • T6-0188/2005 summary

    The European Parliament adopted a resolution drafted by Astrid LULLING (EPP-ED, LU) and approved the Council’s common position.

• 2005/05/18 Committee recommendation tabled for plenary, 2nd reading
  • A6-0152/2005
• 2005/04/26 Vote in committee, 2nd reading
• 2005/04/14 Committee referral announced in Parliament, 2nd reading
• #2646
• 2005/03/08 Council Meeting
  • 15235/1/2004 summary

    The amendments made to the common position in no way change the substance of the draft regulation. They delay its implementation by several months and provide for a transition period to allow Member States to comply with the 90-day deadline laid down for the transmission of data.In its common position, the Council has taken over the amendment proposed by the European Parliament. The Council considers that the modifications introduced in its common position are fully in line with the objectives of the regulation. The overall balance of the Council’s common position has been acknowledged by the Commission, which has accepted it as a satisfactory compromise package.The Council has amended a recital, by deleting the expression “when these are residents in the European area” to take on board in full the European Parliament’s single amendment.This recital has been changed in order to clarify that the scope of this regulation includes “the European Union or the Euro-zone, whichever is applicable”, instead of the “European area”.More specifically, other amendments made by the Council exclusively concerned Article 2 on the procedures for the transmission of data. They aim to:- specify that more detailed data will not be asked for before the Commission has submitted to the European Parliament and the Council a report on the implementation of the Regulation in its original form;- introduce a three-year transition period from the date of entry into force of the Regulation, during which Member States would have 95 days to transmit the data, rather than the 90 days provided for once the Regulation is fully operational;- push back by six months the date on which data must be transmitted for the first time; these will thus cover the third, rather than the first, quarter of 2005. Member States shall deliver these data no later than 3 January 2006 instead of 30 June 2005;The above amendments will give the Member States the time needed to comply with the requirements of the new Regulation without compromising the objectives set out in the Action Plan on Economic and Monetary Union (EMU) Statistical Requirements.

• #2628
• 2004/12/07 Council Meeting
• 2004/03/30 Decision by Parliament, 1st reading/single reading
  • T5-0199/2004 summary

    The European Parliament adopted a resolution drafted by Astrid LULLING (EPP-ED, L) approving the proposal with one drafting amendment.�

• 2004/03/16 Vote in committee, 1st reading/single reading
  • A5-0151/2004
• 2003/12/18 Committee referral announced in Parliament, 1st reading/single reading
• 2003/12/16 Legislative proposal published
  • COM(2003)0789 summary

    PURPOSE : to provide a common framework for the contributions of the Member States to the compilation of quarterly European accounts by institutional sector. PROPOSED ACT : Regulation of the European Parliament and of the Council. CONTENT : The analysis of cyclical movements in the EU economy and the conduct of monetary policy within the Economic and Monetary Union require macroeconomic statistics on the economic behaviour and the interrelationship of individual institutional sectors which are impossible to identify in data compiled at the level of the economy as a whole. There is, therefore, a need to produce quarterly accounts by institutional sector, for the EU as a whole and for the euro area. Production of these accounts is part of the overall aim to compile a system of annual and quarterly accounts for the EU and for the euro area. The system includes the main macro-economic aggregates and the financial and non-financial accounts by institutional sector. The aim is to achieve consistency across all these accounts and, with regard to the rest of the world accounts, between the balance of payments and the national accounts data. The compilation of European accounts by institutional sector, in accordance with the principles of the European System of national and regional Accounts in the Community, requires the transmission of quarterly national accounts by institutional sector of the Member States. However, the European accounts must reflect the economy of the European area as a whole and may differ from the simple aggregation of Member States' accounts. In particular, the objective is to take account of the transactions of the Institutions and bodies of the EU, when these are resident in the European area concerned. The main points are as follows: - a full set of accounts is required from the generation of income account down to the capital account, for both resources and uses and for the balancing items. To limit the burden on Member States, the production account, the breakdown of the property income transactions, except interest, and entrepreneurial income are not required in the first instance; - data requirements have been limited to what is necessary for the compilation of European accounts. As a consequence, it is proposed to have all Member States reporting the full transaction detail for the core sectors general government (S.13) and rest of the world (S.2). Those countries whose GDP is lower than 1% of the EU25 total will not have to report the transactions of the other sectors (corporations and households). The threshold of 1% has been chosen to keep the impact of the coverage losses on the EU aggregates manageable. On the basis of the latest figures available for 2000, 2001 and 2002, all current Member States except Luxembourg would have to deliver data for all sectors. Among the accession countries, only Poland will have to report the full set of data; - Member States are required to transmit the quarterly sector accounts data at the latest 90 days after the end of the quarter to which the data relate; - it is important to provide users with quarterly sector accounts that are consistent with related data provided under the existing European legislation. Consistency is required in particular with regard to the non-financial quarterly accounts of the generalgovernment and the quarterly main aggregates of the total economy. QSA data must also be aligned with the (non-financial) annual data for institutional sectors. If the annual data, when they are calculated independently of the quarters, are not available when the 4th quarter is transmitted, provisional figures for this quarter could be sent so that Eurostat can compile the European accounts. These provisional figures would have to be aligned afterwards, when the corresponding annual data are transmitted to Eurostat. - the Statistical Programme Committee will be consulted according to the regulatory procedure for implementing measures within the scope defined by article 7 of the proposed Regulation.�

  • DG [{'url': 'http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home', 'title': 'Eurostat'}],

Documents

• Legislative proposal published: COM(2003)0789
• Committee report tabled for plenary, 1st reading/single reading: A5-0151/2004
• Decision by Parliament, 1st reading/single reading: T5-0199/2004
• Council position published: 15235/1/2004
• Committee recommendation tabled for plenary, 2nd reading: A6-0152/2005
• Results of vote in Parliament: Results of vote in Parliament
• Decision by Parliament, 2nd reading: T6-0188/2005
• : Regulation 2005/1161
• : OJ L 191 22.07.2005, p. 0022-0028

History

(these mark the time of scraping, not the official date of the change)