10.12.2007 Official Journal of the European Union L 3241 (Acts adopted under the EC Treaty/Euratom Treaty whose publication is obligatory) REGULATIONS REGULATION (EC) No 1392/2007 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 13 November 2007 amending Council Regulation (EC) No 222396 with respect to the transmission of national accounts data (Text with EEA relevance) THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EURO- PEAN UNION, Having regard to the Treaty establishing the European Commu- nity, and in particular Article 285(1) thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the European Central Bank (1), Acting in accordance with the procedure laid down in Article 251 of the Treaty (%), Whereas: Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community (3) contains the reference framework of common standards, definitions, classifications and accounting rules for drawing up the accounts of the Mem- ber States for the statistical requirements of the Commu- nity, in order to obtain comparable results between Member States. The European System of Accounts 1995, set up by that Regulation, is known as ‘ESA 95'. (1) O] C 55, 7.3.2006, p. 61. (?) Opinion of the European Parliament of 25 April 2007 (not yet pub- lished in the Official Journal) and Council Decision of 22 October 2007. (®) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regula- tion (EC) No 1267/2003 of the European Parliament and of the Coun- cil (O] L 180, 18.7.2003, p. 1). 2 ( ( ( ( ( ) ) %) ) ) A comprehensive set of comparable, pertinent and timely national accounts data is needed for the conduct of mon- etary policy within the Economic and Monetary Union (EMU), for the effective coordination of economic policies and for the purposes of structural and macroeconomic policies. Annex B to Regulation (EC) No 2223/96 provides for a set of tables of national accounts data to be transmitted for Community purposes within specified time limits. Further- more, the following Regulations provide that a range of additional data has to be transmitted to the Commission: Commission Regulation (EC) No 264/2000 of 3 February 2000 on the implementation of Council Regulation (EC) No 222396 with respect to short-term public finance sta- tistics (4), Regulation (EC) No 1221/2002 of the European Parliament and of the Council of 10 June 2002 on quar- terly non-financial accounts for general government (%), Regulation (EC) No 501/2004 of the European Parliament and of the Council of 10 March 2004 on quarterly finan- cial accounts for general government (), Council Regula- tion (EC) No 1222/2004 of 28 June 2004 concerning the compilation and transmission of data on the quarterly gov- ernment debt (7) and Regulation (EC) No 1161/2005 of the European Parliament and of the Council of 6 July 2005 on the compilation of quarterly non-financial accounts by institutional sector (). This Regulation does not cover the data included in those Regulations but, together, all the tables and data provided for in all six Regulations referred to in this recital constitute the complete transmission pro- gramme of national accounts data. 4 OJ L 29, 4.2.2000, p. 4. °) OJL 179, 9.7.2002, p. 1. OJ L 81, 19.3.2004, p. 1. 7) OJ L 233, 2.7.2004, p. 1. 8 OJ L 191, 22.7.2005, p. 22.