Treaty on the Functioning of the European Union Treaty on the Functioning of the European Union The Treaty on the Functioning of the European Union (2007) is one of two primary Treaties of the European Union, alongside the Treaty on European Union (TEU). Originating as the Treaty of Rome, the TFEU forms the detailed basis of European Union law, by setting out the scope of the EU's authority to legislate and the principles of law in those areas where EU law operates. The TFEU originated as the treaty establishing the European Economic Community (the EEC treaty), signed in Rome on 25 March 1957. On 7 February 1992, the
Statistical Classification of Economic Activities in the European Community Statistical Classification of Economic Activities in the European Community The Statistical Classification of Economic Activities in the European Community, commonly referred to as NACE (for the French term ""nomenclature statistique des activités économiques dans la Communauté européenne""), is the industry standard classification system used in the European Union. The current version is revision 2 and was established by Regulation (EC) No 1893/2006. It is the European implementation of the UN classification ISIC, revision 4. There's a correspondence between NACE and United Nations' International Standard Industrial Classification of all Economic Activities. NACE is similar in function to the SIC and NAICS