{"change_dates":[],"dossier":{"amendments":[],"changes":{"2014-11-10T02:32:37":[{"data":[{"body":"EC","commission":[{"DG":[{"title":"Eurostat","url":"http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home"}]}],"date":"2003-12-16T00:00:00","docs":[{"celexid":"CELEX:52003PC0789:EN","text":["
The amendments made to the common position in no way change the\n substance of the draft regulation. They delay its implementation by several\n months and provide for a transition period to allow Member States to comply\n with the 90-day deadline laid down for the transmission of data.
In its common position, the Council has taken over the amendment\n proposed by the European Parliament. The Council considers that the\n modifications introduced in its common position are fully in line with the\n objectives of the regulation. The overall balance of the Council’s common\n position has been acknowledged by the Commission, which has accepted it as a\n satisfactory compromise package.
The Council\n has amended a recital, by deleting the expression “when these are residents\n in the European area” to take on board in full the European Parliament’s\n single amendment.
This recital\n has been changed in order to clarify that the scope of this regulation\n includes “the European Union or the Euro-zone, whichever is applicable”,\n instead of the “European area”.
More\n specifically, other amendments made by the Council exclusively concerned\n Article 2 on the procedures for the transmission of data. They aim to:
- specify that\n more detailed data will not be asked for before the Commission has submitted\n to the European Parliament and the Council a report on the implementation of\n the Regulation in its original form;
- introduce a\n three-year transition period from the date of entry into force of the\n Regulation, during which Member States would have 95 days to transmit the\n data, rather than the 90 days provided for once the Regulation is fully\n operational;
- push back by\n six months the date on which data must be transmitted for the first time;\n these will thus cover the third, rather than the first, quarter of 2005.\n Member States shall deliver these data no later than 3 January 2006 instead\n of 30 June 2005;
The above\n amendments will give the Member States the time needed to comply with the\n requirements of the new Regulation without compromising the objectives set\n out in the Action Plan on Economic and Monetary Union (EMU) Statistical\n Requirements.
\nThe committee adopted the report by Astrid LULLING (EPP-ED, LU)\n approving the Council's common position unamended under the 2nd reading of\n the codecision procedure.
\nThe European Parliament adopted a resolution drafted by Astrid LULLING (EPP-ED, LU) and\n approved the Council’s common position.
\nPURPOSE : to\n provide a common framework for the contributions of the Member States to the\n compilation of quarterly European non-financial accounts by institutional\n sector.
LEGISLATIVE\n ACT : Regulation 1161/2005/EC of the European Parliament and of the Council\n on the compilation of quarterly non-financial accounts by institutional\n sector.
CONTENT : the\n Council adopted this Regulation intended to establish a framework for Member\n States' participation in the compilation of quarterly non-financial European\n accounts by institutional sector.
The\n compilation of quarterly accounts is considered necessary for the analysis of\n Europe's
economic\n cycles and the implementation of monetary policy within the Economic and\n Monetary Union (EMU). Data are needed to provide an overview of economic\n behaviour in the different institutional sectors and of their interaction, a\n point which also emerges from the action plan on EMU statistical requirements\n approved by the Council in September 2000.
The main\n provisions laid down by the Regulation include:
- definitions\n and standards : the standards, definitions, classifications and accounting\n rules on data are those laid down by Regulation 2223/96/EC;
- reporting\n obligations : Member States forward data concerning the \"rest of the\n world\" sector and the \"general government\" sector. Member\n States with a GDP of less than 1% of the corresponding EU 25 total are not\n required to forward data concerning the other sectors (companies and households);
- updating :\n Member States are required to send the Commission quarterly data by sector at\n the latest 95 calendar days after the end of the quarter to which the data\n relate;
- consistency\n requirements : data forwarded should be consistent with the quarterly non-financial\n accounts of the general government and the quarterly main aggregates of the\n total economy.
Within five\n years of the entry into force of this Regulation, the Commission shall submit\n a report to the European Parliament and the Council on its implementation. In\n particular, this report shall provide information on the quality of the\n statistics produced; assess the benefits accruing to the Community, the Member States and the providers and users of statistical information of the statistics\n produced in relation to their costs; identify areas for potential improvement\n and amendments considered necessary in light of the results obtained.
ENTRY INTO\n FORCE : 11/08/2005.
\nThe amendments made to the common position in no way change the\n substance of the draft regulation. They delay its implementation by several\n months and provide for a transition period to allow Member States to comply\n with the 90-day deadline laid down for the transmission of data.
In its common position, the Council has taken over the amendment\n proposed by the European Parliament. The Council considers that the\n modifications introduced in its common position are fully in line with the\n objectives of the regulation. The overall balance of the Council’s common\n position has been acknowledged by the Commission, which has accepted it as a\n satisfactory compromise package.
The Council\n has amended a recital, by deleting the expression “when these are residents\n in the European area” to take on board in full the European Parliament’s\n single amendment.
This recital\n has been changed in order to clarify that the scope of this regulation\n includes “the European Union or the Euro-zone, whichever is applicable”,\n instead of the “European area”.
More\n specifically, other amendments made by the Council exclusively concerned\n Article 2 on the procedures for the transmission of data. They aim to:
- specify that\n more detailed data will not be asked for before the Commission has submitted\n to the European Parliament and the Council a report on the implementation of\n the Regulation in its original form;
- introduce a\n three-year transition period from the date of entry into force of the\n Regulation, during which Member States would have 95 days to transmit the\n data, rather than the 90 days provided for once the Regulation is fully\n operational;
- push back by\n six months the date on which data must be transmitted for the first time;\n these will thus cover the third, rather than the first, quarter of 2005.\n Member States shall deliver these data no later than 3 January 2006 instead\n of 30 June 2005;
The above\n amendments will give the Member States the time needed to comply with the\n requirements of the new Regulation without compromising the objectives set\n out in the Action Plan on Economic and Monetary Union (EMU) Statistical\n Requirements.
\nThe committee adopted the report by Astrid LULLING (EPP-ED, LU)\n approving the Council's common position unamended under the 2nd reading of\n the codecision procedure.
\nThe European Parliament adopted a resolution drafted by Astrid LULLING (EPP-ED, LU) and\n approved the Council’s common position.
\nPURPOSE : to\n provide a common framework for the contributions of the Member States to the\n compilation of quarterly European non-financial accounts by institutional\n sector.
LEGISLATIVE\n ACT : Regulation 1161/2005/EC of the European Parliament and of the Council\n on the compilation of quarterly non-financial accounts by institutional\n sector.
CONTENT : the\n Council adopted this Regulation intended to establish a framework for Member\n States' participation in the compilation of quarterly non-financial European\n accounts by institutional sector.
The\n compilation of quarterly accounts is considered necessary for the analysis of\n Europe's
economic\n cycles and the implementation of monetary policy within the Economic and\n Monetary Union (EMU). Data are needed to provide an overview of economic\n behaviour in the different institutional sectors and of their interaction, a\n point which also emerges from the action plan on EMU statistical requirements\n approved by the Council in September 2000.
The main\n provisions laid down by the Regulation include:
- definitions\n and standards : the standards, definitions, classifications and accounting\n rules on data are those laid down by Regulation 2223/96/EC;
- reporting\n obligations : Member States forward data concerning the \"rest of the\n world\" sector and the \"general government\" sector. Member\n States with a GDP of less than 1% of the corresponding EU 25 total are not\n required to forward data concerning the other sectors (companies and households);
- updating :\n Member States are required to send the Commission quarterly data by sector at\n the latest 95 calendar days after the end of the quarter to which the data\n relate;
- consistency\n requirements : data forwarded should be consistent with the quarterly non-financial\n accounts of the general government and the quarterly main aggregates of the\n total economy.
Within five\n years of the entry into force of this Regulation, the Commission shall submit\n a report to the European Parliament and the Council on its implementation. In\n particular, this report shall provide information on the quality of the\n statistics produced; assess the benefits accruing to the Community, the Member States and the providers and users of statistical information of the statistics\n produced in relation to their costs; identify areas for potential improvement\n and amendments considered necessary in light of the results obtained.
ENTRY INTO\n FORCE : 11/08/2005.
\n