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Document 02004R0501-20130701
Regulation (EC) No 501/2004 of the European Parliament and of the Council of 10 March 2004 on quarterly financial accounts for general government (Text with EEA relevance)
Consolidated text: Regulation (EC) No 501/2004 of the European Parliament and of the Council of 10 March 2004 on quarterly financial accounts for general government (Text with EEA relevance)
Regulation (EC) No 501/2004 of the European Parliament and of the Council of 10 March 2004 on quarterly financial accounts for general government (Text with EEA relevance)
02004R0501 — EN — 01.07.2013 — 001.001
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REGULATION (EC) No 501/2004 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 10 March 2004 on quarterly financial accounts for general government (OJ L 081 19.3.2004, p. 1) |
Amended by:
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10.6.2013 |
REGULATION (EC) No 501/2004 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 10 March 2004
on quarterly financial accounts for general government
(Text with EEA relevance)
Article 1
Purpose
The purpose of this Regulation is to list and define the main characteristics of the European System of Accounts (ESA 95) categories of financial transactions and of financial assets and liabilities for the general government sector and for each of the subsectors within general government, to be transmitted to the Commission (Eurostat) quarterly following a step-by-step approach.
Article 2
Compilation of quarterly data: sources and methods
Article 3
Transmission of quarterly data on financial transactions, financial assets and liabilities
Member States shall transmit to the Commission (Eurostat) quarterly data on financial transactions (F.) and on financial assets and liabilities (AF.) for the following list of instruments as defined and codified in ESA 95:
monetary gold and special drawing rights (SDRs) (F.1 and AF.1);
currency and deposits (F.2 and AF.2);
short-term securities other than shares, excluding financial derivatives (F.331 and AF.331);
long-term securities other than shares, excluding financial derivatives (F.332 and AF.332);
financial derivatives (F.34 and AF.34);
short-term loans (F.41 and AF.41);
long-term loans (F.42 and AF.42);
shares and other equity (F.5 and AF.5);
net equity of households in life insurance reserves and in pension fund reserves (F.61 and AF.61);
prepayments of insurance premiums and reserves for outstanding claims (F.62 and AF.62);
other accounts receivable/payable (F.7 and AF.7).
Member States shall also transmit to the Commission (Eurostat) quarterly data for the central government subsector (S.1311) as referred to in Article 4 as follows:
quoted shares (F.511 and AF.511), in respect of financial asset transactions and financial assets;
currency (F.21 and AF.21), in respect of liability transactions and liabilities.
Article 4
Coverage of the general government sector and subsectors
Member States shall transmit quarterly data for the general government sector and its subsectors as defined and codified in ESA 95, as general government (S.13), comprising:
Article 5
Nature of the quarterly data covered by the transmission
Article 6
Timetable for the transmission of quarterly data
The first transmission of quarterly data as referred to in Articles 3, with the exception of other accounts receivable/payable (F.7 and AF.7), 4 and 5 shall be made in accordance with the following timetable:
for the central government subsector (S.1311) and for the social security funds subsector (S.1314), no later than 30 June 2004; the Commission may grant a derogation, not exceeding 18 months, for the starting date of transmission of data with breakdown by counterpart sector and of some data on financial transactions and financial assets and liabilities, in so far as the national statistical systems require major adaptations;
for the State government (S.1312) and local government (S.1313) subsectors:
no later than 30 June 2004 for the transactions in liabilities and liabilities as detailed under Article 3(1); the Commission may grant a derogation, not exceeding 18 months, for the starting date of transmission of those data, in so far as the national statistical systems require major adaptations;
no later than 30 June 2005 for the transactions in financial assets and assets as detailed under Article 3(1); the Commission may grant a derogation, not exceeding six months, for the starting date of transmission of those data, in so far as the national statistical systems require major adaptations;
for the general government sector (S.13), no later than 30 June 2005; the Commission may grant a derogation, not exceeding six months, for the starting date of transmission of those data, in so far as the national statistical systems require major adaptations.
Article 7
Provisions relating to back data
The Republic of Croatia shall transmit to the Commission (Eurostat) back data relating to all quarterly variables and items as referred to in Article 6 for the years 2002-2011 no later than end December 2015.
Article 8
Implementation
Article 9
Report
On the basis of the transmission of data referred to in Articles 3, 4, and 5, and after consulting the SPC and the CMFB, the Commission shall, by 31 December 2005 at the latest, submit to the European Parliament and the Council a report containing an assessment of the reliability of the quarterly data delivered by Member States.
Article 10
Entry into force
This Regulation shall enter into force on the twentieth day following that of 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.
( 1 ) OJ C 165, 16.7.2003, p. 6.
( 2 ) Opinion of the European Parliament of 21 October 2003 (not yet published in the Official Journal), Council Common Position of 22 December 2003 (not yet published in the Official Journal) and Position of the European Parliament of 10 February 2004 (not yet published in the Official Journal).
( 3 ) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regulation (EC) No 1267/2003 of the European Parliament and of the Council (OJ L 180, 18.7.2003, p. 1).
( 4 ) OJ L 29, 4.2.2000, p. 4.
( 5 ) OJ L 179, 9.7.2002, p. 1.
( 6 ) OJ L 181, 28.6.1989, p. 47.
( 7 ) OJ L 59, 6.3.1991, p. 19. Decision as amended by Decision 96/174/EC (OJ L 51, 1.3.1996, p. 48).
( 8 ) Framed boxes indicate the reporting requirements.
( 9 ) The codes, taken from ESA 95, indicate: S: sectors/subsectors; F: financial transactions; and AF: financial balance sheet items.