28.10.2008 Official Journal of the European Union L 283/3 COMMISSION REGULATION (EC) No 1055/2008 of 27 October 2008 implementing Regulation (EC) No 184/2005 of the European Parliament and of the Council, as regards quality criteria and quality reporting for balance of payments statistics THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, interna- tional trade in services and foreign direct investment ('), and in particular Article 4(3) thereof, Whereas: (1) Regulation (EC) No 184/2005 establishes a common framework  for the systematic production of Community statistics concerning balance of payments, international trade in services and foreign direct investment. (2) It is necessary to specify the common quality standards, as well as the content and periodicity of the quality reports, in accordance with Article 4(3) of Regulation (EC) No 184/2005. (3)  The measures provided for in this Regulation are in accordance with the opinion of the Balance of Payments Committee set up by Regulation (EC) No 184/2005, HAS ADOPTED THIS REGULATION: Article 1 Member States shall supply on an annual basis a quality report drawn up in accordance with the rules laid down in the Annex. Article 2 Member States shall supply their quality reports by 30 November every year. 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. Done at Brussels, 27 October 2008. () O] L 35, 8.2.2005, p. 23. For the Commission Joaquin ALMUNIA Member of the Commission