regul ec european parliament council march quarterli financi account gener govern text eea relev european parliament council european union regard treati establish european commun articl thereof regard propos commiss regard opinion european central bank act accord procedur laid articl treati council regul ec june european system nation region account commun refer framework common standard definit classif account rule draw account member state statist requir commun order obtain compar result member state report monetari committe inform requir endors ecofin council januari underlin proper function econom monetari union singl market effect surveil coordin econom polici major import requir comprehens statist inform system provid polici maker data base decis report state high prioriti short term public financ statist member state particip econom monetari union object compil quarterli govern financi account step step approach quarterli nation data financi account transact balanc sheet govern sector make larg proport financi transact financi balanc sheet euro area provid import inform support conduct monetari polici respect purpos govern council european central bank adopt regul guidelin safeguard transmiss infra annual data financi statist nation financi account european central bank counterpart sector inform govern financi transact balanc sheet requir enabl comprehens analysi govern financ financi invest counterpart sector instrument commiss regul ec februari implement council regul ec respect short term public financ statist regul ec european parliament council june quarterli financi account gener govern financi quarterli data gener govern transmit commiss eurostat member state articl regul ec lai condit commiss adopt amend methodolog european system account order clarifi improv content compil govern quarterli financi account requir addit resourc member state dealt commiss decis adopt specif regul european parliament council statist programm committe spc set council decis eec euratom committe monetari financi balanc payment statist cmfb set council decis eec declar favour draft regul adopt regul articl purpos purpos regul list defin main characterist european system account esa categori financi transact financi asset liabil gener govern sector subsector gener govern transmit commiss eurostat quarterli step step approach articl compil quarterli data sourc method view achiev high qualiti statist quarterli data financi transact financi asset liabil base inform directli gener govern quarterli data unquot share af equiti af defin codifi esa held gener govern unit estim interpol extrapol inform respect annual data compil quarterli data financi transact financi asset liabil compli esa rule sector classif institut unit consolid rule classif financi transact financi asset liabil time record valuat rule quarterli data annual data transmit commiss accord regul ec mutual consist quarterli data financi asset liabil outstand amount financi asset liabil end quarter articl transmiss quarterli data financi transact financi asset liabil member state transmit commiss eurostat quarterli data financi transact financi asset liabil af list instrument defin codifi esa monetari gold special draw right sdr af currenc deposit af short term secur share exclud financi deriv af long term secur share exclud financi deriv af financi deriv af short term loan af long term loan af share equiti af net equiti household life insur reserv pension fund reserv af prepay insur premium reserv outstand claim af account receiv payabl af member state transmit commiss eurostat quarterli data central govern subsector refer articl quot share af respect financi asset transact financi asset currenc af respect liabil transact liabil articl coverag gener govern sector subsector member state transmit quarterli data gener govern sector subsector defin codifi esa gener govern compris central govern state govern local govern social secur fund articl natur quarterli data cover transmiss quarterli data refer articl transmit consolid basi gener govern subsector refer articl quarterli data refer articl transmit consolid consolid basi gener govern sector refer articl quarterli data breakdown counterpart sector provid subsector central govern social secur fund refer articl annex regul articl timet transmiss quarterli data quarterli data refer articl transmit commiss eurostat latest month end quarter data relat revis quarterli data previou quarter transmit time transmiss quarterli data refer articl except account receiv payabl af made accord timet central govern subsector social secur fund subsector june commiss grant derog exceed month start date transmiss data breakdown counterpart sector data financi transact financi asset liabil nation statist system requir major adapt state govern local govern subsector june transact liabil liabil detail articl commiss grant derog exceed month start date transmiss data nation statist system requir major adapt ii june transact financi asset asset detail articl commiss grant derog exceed month start date transmiss data nation statist system requir major adapt gener govern sector june commiss grant derog exceed month start date transmiss data nation statist system requir major adapt transmiss commiss eurostat quarterli data account receiv payabl af gener govern sector subsector refer articl june commiss grant derog exceed month start date transmiss data nation statist system requir major adapt articl provis relat back data quarterli data refer articl cover back data financi transact quarter financi balanc sheet fourth quarter accord timet articl transmiss data back data base quot estim quot respect provis articl articl implement member state provid commiss eurostat descript sourc method compil quarterli data refer articl initi descript start transmit quarterli data accord timet refer articl member state inform commiss eurostat initi descript commun revis data commiss eurostat statist programm committe spc committe monetari financi balanc payment statist cmfb inform sourc method member state articl report basi transmiss data refer articl consult spc cmfb commiss decemb latest submit european parliament council report assess reliabl quarterli data deliv member state articl entri forc regul enter forc twentieth dai public offici journal european union regul bind entireti directli applic member state strasbourg march european parliament presid cox council presid roch oj opinion european parliament octob publish offici journal council common posit decemb publish offici journal posit european parliament februari publish offici journal oj regul amend regul ec european parliament council oj oj oj oj oj decis amend decis ec oj annex breakdown counterpart sector central govern social secur fund financi transact financi balanc sheet gt pic file quot en tif quot gt frame box report requir code esa sector subsector financi transact af financi balanc sheet item