LegalizeCommission Regulation (EU) No 1227/2010 of 20 December 2010 amending Regulation (EC) No 1055/2008 implementing Regulation (EC) No 184/2005 of the European Parliament and of the Council, as regards quality criteria and quality reporting for balance of payments statistics
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment (1), and in particular Article 4(3) thereof,
Whereas:
(1) Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Community statistics concerning balance of payments, international trade in services and foreign direct investment.
(2) Commission Regulation (EC) No 1055/2008 (2) laid down the common quality criteria and the periodicity of quality reports for balance-of-payments statistics.
(3) The common quality criteria and the periodicity of the quality reports for balance-of-payments statistics need to be adapted, in order to reflect the quality criteria laid down in Article 12(1) of Regulation (EC) No 223/2009 of the European Parliament and of the Council (3) on European statistics.
(4) Regulation (EC) No 1055/2008 should therefore be amended accordingly.
(5) The measures provided for in this Regulation are in accordance with the opinion of the Balance of Payments Committee,
HAS ADOPTED THIS REGULATION:
Article 1
Regulation (EC) No 1055/2008 is amended as follows:
Article 2 is replaced by the following:
‘Member States shall supply their quality report not later than 31 May every year.’;
the Annex is replaced by the Annex to this Regulation.
Article 2
This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 20 December 2010.
For the Commission The President José Manuel BARROSO