2006/856/EC: Council Decision of 13 November 2006 establishing a Committee on monetary, financial and balance of payments statistics (Codified version)
Date: 2006-11-13
Institutions: Council of the European Union
Subjects: EU statistics, balance of payments, codification of EU law, committee (EU), financial statistics

30.11.2006

EN

Official Journal of the European Union

L 332/21

II

(Acts whose publication is not obligatory)

COUNCIL

COUNCIL DECISION

of 13 November 2006

establishing a Committee on monetary, financial and balance of payments statistics

(Codified version)

(2006/856/EC)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty
Community,

establishing the European

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Parliament (1),

Having regard to the opinion of the European Economic and
Social Committee (2),

Whereas:

(1)

(2)

Council Decision 91/115/EEC of 25 February 1991
financial and
establishing a Committee on monetary,
balance of payments statistics (3) has been substantially
amended (4). In the interests of clarity and rationality the
said Decision should be codified.

There is a need to establish, as a section of the multi-
annual
the Commission, a
multiannual work programme in the field of monetary,
financial and balance of payments statistics.

statistical programme of

(3)

By Decision 89/382/EEC, Euratom of 19 June 1989
establishing a Committee on the Statistical Programmes

(1) OJ C 97 E, 22.4.2004, p. 68.
(2) OJ C 10, 14.1.2004, p. 27.
(3) OJ L 59, 6.3.1991, p. 19. Decision as amended by Decision

96/174/EC (OJ L 51, 1.3.1996, p. 48).

(4) See Annex I.

of the European Communities (5) the Council set up a
Committee on the Statistical Programme of the European
Communities, comprising representatives of the Member
States' statistical
institutes, to ensure close cooperation
between Member States and the Commission whilst the
statistical programme is established.

In Member States monetary and banking statistics are
drawn up by central banks, and financial and balance
of payments statistics are drawn up by various insti-
tutions, including central banks.

in order to achieve close cooperation
It is necessary,
between Member States and the Commission in the
fields of monetary, financial and balance of payments
in drawing
statistics that the Commission be assisted,
up
work
programme relating to such statistics, by a Committee
composed of representatives of
the principal national
institutions concerned.

the multiannual

implementing

and

Having regard to the specific role played in the Member
States by the aforementioned institutions, it is necessary
to allow the committee to choose its chairman.

There is, from the point of view of statistics, a close
financial and
interdependence between the monetary,
balance of payments areas on the one hand, and
certain other areas of economic statistics on the other
hand.

(4)

(5)

(6)

(7)

(5) OJ L 181, 28.6.1989, p. 47.

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(8)

The increased demand from the Member States and
Community institutions for improved statistical
infor-
mation requires
cooperation
between the users and producers of monetary, financial
and balance of payments statistics,

enhancement of

the

HAS DECIDED AS FOLLOWS:

Article 1

A Committee on Monetary, Financial and Balance of Payments
Statistics, hereinafter called ‘the Committee’,
is hereby estab-
lished.

Article 2

The Committee shall assist the Commission in drawing up and
implementing the multiannual programme of work relating to
financial and balance of payments statistics. The
monetary,
in particular, have the task of expressing
Committee shall,
opinions on the development
the
monetary, financial and balance of payments statistics required
for the policies implemented by the Council, the Commission,
and the various committees assisting them.

and coordination of

The Committee may be asked to express opinions on the links
between monetary, financial and balance of payments statistics
on the one hand, and certain other economic statistics on the
other, in particular those on which national accounts are based.
The work of this Committee will be coordinated with that of
the Statistical Programme Committee.

Article 3

The Commission, on its own initiative, and, should the occasion
arise,
from the
committees which assist them, shall consult the Committee on:

from the Council or

following a request

tation of statistical programmes in the monetary, financial and
balance of payments fields.

Article 4

The Committee may express opinions on its own initiative on
any questions relating to those statistics that are of common
concern to the Commission and national statistical authorities,
on the one hand, and the European Central Bank (ECB) and
national central banks, on the other. In the execution of its
tasks, the Committee shall give its views to all interested parties.

Article 5

statistics, up to three

The Committee shall be composed of one, two or three repre-
sentatives per Member State, coming from the institutions prin-
cipally concerned with financial, monetary and balance of
the
payments
In
Commission and up to three representatives of the ECB.
addition, one representative of
the Economic and Financial
Committee may attend the meetings of the Committee, as an
observer. Each Member State, the Commission and the ECB
shall have one vote each.

representatives of

Representatives of other organisations, as well as any person
able to contribute to discussions, may, on the decision of the
Committee, participate in the Committee's meetings.

Article 6

The Committee shall elect its chairman according to the detailed
rules laid down in its rules of procedure.

Article 7

The Committee shall draw up its rules of procedure.

(a)

the establishment of multiannual Community programmes
for monetary, financial and balance of payments statistics;

Article 8

Decision 91/115/EEC is repealed.

(b) the measures which the Commission intends to undertake
to achieve the objectives referred to in the multiannual
and balance of
programmes
and timetables
payments
involved;

for monetary,
and the

financial
resources

statistics

(c) any other question, in particular questions of methodology,
arising from the establishment or implementation of the
Statistical Programme in the relevant fields.

The Committee may express opinions on its own initiative on
any questions relating to the establishment or the implemen-

References made to the repealed Decision shall be construed as
being made to this Decision and should be read in accordance
with the correlation table in Annex II.

Done at Brussels, 13 November 2006.

For the Council
The President

E. TUOMIOJA

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ANNEX I

Repealed Decision and its amending Decision

Council Decision 91/115/EEC

(OJ L 59, 6.3.1991, p. 19)

Council Decision 96/174/EC

(OJ L 51, 1.3.1996, p. 48)

ANNEX II

Correlation table

Decision 91/115/EEC

This Decision

Articles 1-3

Article 3a

Article 4

Article 5

Article 6

—

—

—

Articles 1-3

Article 4

Article 5

Article 6

Article 7

Article 8

Annex I

Annex II