COMMISSION REGULATION (EU) No 555/2012
of 22 June 2012
amending Regulation (EC) No 184/2005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements and definitions
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 on Community statistics concerning balance of payments, international trade in services and foreign direct investment (1), and in particular Article 10 thereof,
Whereas:
(1)
Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Union statistics on balance of payments, international trade in services and foreign direct investment.
(2)
It is necessary to update the data requirements and definitions of Regulation (EC) No 184/2005 taking into account economic and technical changes, bringing them in line with international standards which provide the general rules for compiling statistics on balance of payments, international trade in services, and foreign direct investment.
(3)
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
The Annexes to Regulation (EC) No 184/2005 are replaced by the text in the Annex to this Regulation.
Article 2
This Regulation shall enter into force on the 20th day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 January 2014.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 22 June 2012.