text: Regulation 473/2013 is directed at all eurozone member states and requires a draft budgetary plan for the upcoming year to be submitted annually by 15 October, for a SGP compliance assessment conducted by the European Commission. The member state shall then await receiving the Commission's opinion before the draft budgetary plan is debated and voted for in their national parliament. The Commission will not be granted any veto right over the national parliaments potential pass of a fiscal budget, but will have the role to issue warnings in advance to the national parliaments, if the proposed draft budget is found to compromise the debt and deficit rules of the SGP.
  The regulation requires that any eurozone member state subject to an open EDP shall also publish a "status report for corrective action" by 6 months intervals, with the frequency increased to quarterly reports if the state "persistently fails to implement the Council recommendations for corrective measures in order to remedy the excessive deficit".
  Regulation 472/2013 is concerned with the subgroup of eurozone member states experiencing or being threatened by financial instability, which is understood to be the case if the state has an ongoing Excessive Imbalance Procedure (EIP) or receives any macroeconomic financial assistance from EFSM/EFSF/ESM/IMF/other bilateral basis. These member states are made subject to even more in depth and frequent "enhanced surveillance", in order to prevent a possible sovereign debt crises to emerge.