Document ID: 32006R1503

COMMISSION REGULATION (EC) No 1503/2006
of 28 September 2006
implementing and amending Council Regulation (EC) No 1165/98 concerning short-term statistics as regards definitions of variables, list of variables and frequency of data compilation
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 1165/98 of 19 May 1998 concerning short term statistics (1), and in particular Article 17(b) to (d) thereof,
Whereas:
(1)
Regulation (EC) No 1165/98 established a common framework for the production of short-term Community statistics on the business cycle and laid down the required variables.
(2)
Regulation (EC) No 1158/2005 introduced new variables and imposed new obligations on Member States concerning data collection.
(3)
As a consequence, implementing measures, as well as amendments to Regulation (EC) No 1165/98, are necessary with regard to definitions of variables, the list of variables and the frequency of data compilation.
(4)
Commission Regulation (EC) No 588/2001 of 26 March 2001 implementing Council Regulation (EC) No 1165/98 concerning short-term statistics as regards the definitions of variables (2) should be therefore replaced by this Regulation.
(5)
The measures provided for in this Regulation are in accordance with the opinion of the Statistical Programme Committee,
HAS ADOPTED THIS REGULATION:
Article 1
Definitions of variables
1. The definitions of the variables laid down in Annexes A to D to Regulation (EC) No 1165/98, as well as their objectives, characteristics and ways of calculation of the relevant indices, are described in Annex I to this Regulation.
2. Member States shall start to apply these definitions for the collection of statistical data not later than one year from the date of entry into force of this Regulation.
3. Full compliance with these definitions should be achieved not later than at the next revision of the base year as provided in Article 11 of Regulation (EC) No 1165/98.
4. Member States shall ensure that existing statistical data covered by Regulation (EC) 1165/98 will be revised by recalculation or estimation to satisfy these definitions.
5. Each Member State shall transmit to the Commission, at its request, any relevant information on the conformance of statistical data to the definitions set forth in Annex I to this Regulation. Results for a variable differing by not more than 0,2 % from the results of a variable which conforms with the definitions of the variable laid down in Annex I shall be deemed conforming.
Article 2
Amendments to Regulation (EC) No 1165/98
Annex B to Regulation (EC) No 1165/98 is amended as shown in Annex II to this Regulation.
Article 3
Repeal
Regulation (EC) No 588/2001 is repealed.
References to the repealed Regulation shall be construed as references to this Regulation.
Article 4
Entry into force
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, 28 September 2006.

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