# Commission Implementing Regulation (EU) No 724/2014Show full title

Commission Implementing Regulation (EU) No 724/2014 of 26 June 2014 on the interchange standard for the transmission of data            required under Regulation (EU) No 549/2013 of the European Parliament and of the Council on the European system of national            and regional accounts in the European Union (Text with EEA relevance)         

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U.K.

# Commission Implementing Regulation (EU) No 724/2014                     

# of 26 June 2014

# on the interchange standard for the transmission of data required under Regulation (EU) No 549/2013 of the European Parliament                        and of the Council on the European system of national and regional accounts in the European Union                     

# (Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European                           system of national and regional accounts in the European Union(1), and in particular Article 3(2) thereof,                        

Whereas:

(1)It follows from Article 3(2) of Regulation (EU) No 549/2013 that Member States should transmit to the Commission the data                              and metadata required by the Regulation in accordance with a specified interchange standard and other practical arrangements                              which should be specified by the Commission.

(2)Applying a single standard for the exchange and transmission of data for the statistics covered by Regulation (EU) No 549/2013                              would make a considerable contribution to business process integration in this statistical area.

(3)The Statistical Data and Metadata Exchange (SDMX) initiative on statistical and technical standards for the exchange and sharing                              of data and metadata was launched by the Bank of International Settlements, the European Central Bank, the Commission (Eurostat),                              the International Monetary Fund, the Organisation for Economic Cooperation and Development (OECD), the United Nations and                              the World Bank. For the exchange of official statistics, SDMX provides statistical and technical standards, including the                              SDMX Markup Language, using XML syntax (‘SDMX-ML format’). A new data format and data structure definition designed in accordance                              with this standard should therefore be introduced. In order to facilitate the transition to the new format, the Commission                              should, for the first two years after the entry into force of the Regulation, provide Member States with templates, which                              can be used as inputs to SDMX conversion tools.

(4)The Commission should make available detailed documentation in relation to the SDMX data structure definitions and supply                              guidelines on their implementation.

(5)The measures provided for in this Regulation are in accordance with the opinion of the European Statistical System Committee,

HAS ADOPTED THIS REGULATION:

## Article 1U.K.Standard for the transmission of data

Member States shall provide data required by the Regulation (EU) No 549/2013 using SDMX data structure definitions.

## Article 2U.K.Technical specifications of data format

Member States shall provide data and metadata in SDMX-ML format.

## Article 3U.K.Entry into force

This Regulation shall enter into force on the twentieth day following its publication in the *Official Journal of the European Union*.                  

It shall apply from 1 September 2014.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 26 June 2014.

*For the Commission*                            

*The President*                            

José Manuel Barroso                            

1

OJ L 174, 26.6.2013, p. 1.