Legal provisions of COM(2007)776 - Amendment of Council Regulation (EC) No 2223/96 on the European system of national and regional accounts in the EC as regards the implementing powers conferred on the Commission - Adaptation to the regulatory procedure with scrutiny

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Article 1

Article 3(1) of Regulation (EC) No 2223/96 shall be replaced by the following:

‘1.   The Member States shall transmit to the Commission (Eurostat) the accounts and tables set out in Annex B within the time limits specified for each table, subject to the derogations set out therein.’

Article 2

Annex B to Regulation (EC) No 2223/96 shall be replaced by the text set out in the Annex to this Regulation.

Article 3

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.