Article 1 
A Committee on Monetary, Financial and Balance of Payments Statistics, hereinafter called ‘the Committee’, is hereby established.
Article 2 
The Committee shall assist the Commission in drawing up and implementing the multiannual programme of work relating to monetary, financial and balance of payments statistics. The Committee shall, in particular, have the task of expressing opinions on the development and coordination of the monetary, financial and balance of payments statistics required for the policies implemented by the Council, the Commission, and the various committees assisting them. 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, following a request from the Council or from the committees which assist them, shall consult the Committee on: (a) the establishment of multiannual Community programmes for monetary, financial and balance of payments statistics; (b) the measures which the Commission intends to undertake to achieve the objectives referred to in the multiannual programmes for monetary, financial and balance of payments statistics and the resources and timetables involved; (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 implementation 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 
The Committee shall be composed of one, two or three representatives per Member State, coming from the institutions principally concerned with financial, monetary and balance of payments statistics, up to three representatives of the Commission and up to three representatives of the ECB. In 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 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.
Article 8 
Decision 91/115/EEC is repealed. 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.