L 24474 Official Journal of the European Union 29.9.2003 COMMISSION REGULATION (EC) No 1670/2003 of 1 September 2003 implementing Council Regulation (EC, Euratom) No 58/97 with regard to the definitions of characteristics for structural business statistics and amending Regulation (EC) No 2700/98 concerning the definitions of characteristics for structural business statistics THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Com- munity, Having regard to Council Regulation (EC, Euratom) No 58| 97 of 20 December 1996 concerning structural business statistics (1), as last amended by Commission Regulation (EC) No 1669/2003 (3), and in particular Article 12 (iii) thereof, Whereas: (1) Regulation (EC, Euratom) No 58/97 established a com- mon framework for the production of Community statistics on the structure, activity, performance and competitiveness of businesses in the Community. (2)  Commission Regulation (EC) No 2700/98 of 17 Decem- ber 1998 concerning the definitions of characteristics for structural business statistics (), as amended by Regulation (EC) No 1614/2002 (4, included the defi- nitions of the structural business statistics characteristics listed in the common module and the detailed modules for industry, distributive trades and construction of Regulation (EC, Euratom) No 58/97 concerning structur- al business statistics. Council Regulation (EC) No 2056/ 2002 (°) introduced a new set of characteristics for credit institutions and pension funds as well as new characteristics on environmental expenditure, for which common definitions are necessary. Moreover, it is also necessary to amend existing definitions for the character- istics on number of enterprises, turnover, production value, value added at factor cost and total purchases of goods and services, as the definitions set out in Regu- lation (EC) No 2700/98 cannot be used for the calcu- lation of the value of these characteristics for insurance services, credit institutions, pension funds and central banking activities. ) OJL14,17.1.1997,p. 1. 2) See page 57 of this Official Journal. ) OJ L 344,18.12.1998, p. 49. 4 O] L 244,12.9.2002, p. 7. ) OJL 317,21.11.2002, p. 1. (3) It is necessary to implement a set of definitions for structural business characteristics for the insurance services, credit institutions and pension funds in order to ensure that the statistical data provided to the Commission is comparable, harmonised and of good quality. (4)  The measures provided for in this Regulation are in accordance with the opinion of the Statistical Pro- gramme Committee, HAS ADOPTED THIS REGULATION: Article 1 The definitions of the characteristics 12 12 0 and 12 15 0 of Regulation (EC) No 2700/98 necessary for the activities covered in the Annexes 5, 6 and 7 to Regulation (EC, Euratom) No 58/97 as well as for the activities of NACE rev. 1, class 65.11 are amended as set out in Annex I, sections 3 and 4 to this Regulation. The definition of characteristic 11 11 0 for the activities covered in Annex 7, the definition of characteristic 12 11 0 for the activities covered in Annexes 5 and 7 and the definition of the characteristic 13 11 0 for the activities of Annexes 5 and 6 are amended as set out in Annex I, sections 1, 2 and 5 to this Regulation. Atticle 2 The amended definition of the characteristic 21 11 0 of Regulation (EC) No 2700/98 and the definitions of character- istics 21 12 0 and 21 14 0 are specified in Annex II to this Regulation. Atticle 3 The definitions of the characteristics listed in section 4 of Annex 6 to Regulation (EC, Euratom) No 5897 are specified in Annex III to this Regulation. Atrticle 4 The definitions of the characteristics listed in section 4 of Annex 7 to Regulation (EC, Euratom) No 58/97 are specified in Annex IV to this Regulation.