7.6.2014 Official Journal of the European Union L 168/39 COUNCIL REGULATION (EU, Euratom) No 609/2014 of 26 May 2014 on the methods and procedure for making available the traditional, VAT and GNI-based own resources and on the measures to meet cash requirements (Recast) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 322(2) thereof, Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Article 106a thereof, Having regard to the proposal from the European Commission, After transmission of the draft legislative act to the national parliaments, Having regard to the opinion of the European Parliament, Having regard to the opinion of the European Court of Auditors (%), Whereas: (1) Council Regulation (EC, Euratom) No 1150/2000 (%) has been substantially amended several times. Since further amendments are to be made, it should be recast in the interests of clarity. Certain provisions of Regulation (EC, Euratom) No 1150/2000 have been included in Council Regulation (EU, Euratom) No 608/2014 (*) and are not covered by this Regulation. Those provisions concern the calculation and budgeting of the balance, control and supervision of own resources and relevant reporting requirements, as well as the Advisory Committee on Own Resources (ACOR). The Union must have the own resources referred to in Article 2 of Council Decision 2014/335/EU, Euratom (*) available in the best possible conditions and accordingly rules should be laid down for the Member States to provide the Commission with those own resources. This Regulation takes over the rules on making available the traditional own resources referred to in Article 2(1)(a) of Decision 2014/335/EU, Euratom, the own resources based on value added tax (VAT) referred to in Article 2(1)(b) of that Decision (‘VAT-based own resource’) and own resources based on gross national income (GNI) referred to in Article 2(1)(c) of that Decision (GNI-based own resource’), previously included in Regulation (EC, Euratom) No 1150/2000. The concept of establishment should be defined in respect of the own resources and detailed rules should be laid down for satisfying the obligation to establish the traditional own resources referred to in Article 2(1)(a) of Deci- sion 2014/335/EU, Euratom. (*) Opinion No 2/2012 of 20 March 2012 (O] C 112, 18.4.2012, p. 1). (*) Council Regulation (EC, Euratom) No 1150/2000 of 22 May 2000 implementing Decision 2007436/EC, Euratom on the system of the European Communities own resources (O] L 130, 31.5.2000, p. 1). (}) Council Regulation (EU, Euratom) No 608/2014 of 26 May 2014 laying down implementing measures for the system of own resources of the European Union (see page 29 of this Official Journal). (*) Council Decision 2014/335/EU, Euratom of 26 May 2014 on the system of own resources of the European Union (see page 105 of this Official Journal).