Regulation (EC) No 450/2003 of the European Parliament and of the Council of 27 February 2003 concerning the labour cost index (Text with EEA relevance)
Modified by
Regulation (EC) No 1893/2006 of the European Parliament and of the Councilof 20 December 2006establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains(Text with EEA relevance), 306R1893, December 30, 2006
Regulation (EC) No 596/2009 of the European Parliament and of the Councilof 18 June 2009adapting a number of instruments subject to the procedure referred to in Article 251 of the Treaty to Council Decision 1999/468/EC with regard to the regulatory procedure with scrutinyAdaptation to the regulatory procedure with scrutiny — Part Four, 309R0596, July 18, 2009
Regulation (EC) No 450/2003 of the European Parliament and of the Councilof 27 February 2003concerning the labour cost index(Text with EEA relevance)THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty establishing the European Community, and in particular Article 285(1) thereof,Having regard to the proposal from the CommissionOJ C 304 E, 30.10.2001, p. 184.,Having regard to the opinion of the European Economic and Social CommitteeOJ C 48, 21.2.2002, p. 107.,Having regard to the opinion of the European Central BankOJ C 295, 20.10.2001, p. 5.,Acting in accordance with the procedure laid down in Article 251 of the TreatyOpinion of the European Parliament of 28 February 2002 (OJ C 293 E, 28.11.2002, p. 20), Council Common Position of 23 September 2002 (OJ C 269 E, 5.11.2002, p. 10) and Decision of the European Parliament of 18 December 2002 (not yet published in the Official Journal).,Whereas:(1)A range of statistics, of which labour cost indices form an essential part, is relevant for an understanding of the inflationary process and the dynamics of the labour market.(2)The Community, and particularly its economic, employment and monetary authorities, need to have regular and timely labour cost indices for the purpose of monitoring changes in labour costs.(3)The Action Plan on Economic and Monetary Union statistical requirements, produced by the European Commission (Eurostat) in close collaboration with the European Central Bank, identifies as a priority the development of a legal basis covering short-term labour cost statistics.(4)The benefits of collecting, at Community level, complete data on all segments of the economy should be balanced against the reporting possibilities and the response burden on small and medium-sized enterprises (SMEs).(5)The Regulation is in accordance with the principle of subsidiarity as set out in Article 5 of the Treaty. The creation of common statistical standards for labour cost indices can only be achieved on the basis of a Community legal act because only the Commission can coordinate the necessary harmonisation of statistical information at Community level, while the collection of data and compilation of comparable labour cost indices can be organised by the Member States.(6)Council Regulation (EC) No 322/97 of 17 February 1997 on Community statisticsOJ L 52, 22.2.1997, p. 1. provides the general framework for the production of labour cost indices under this Regulation.(7)The measures necessary for the implementation of this Regulation should be adopted in accordance with Council Decision 1999/468/EC of 28 June 1999 laying down the procedures for the exercise of implementing powers conferred on the CommissionOJ L 184, 17.7.1999, p. 23..(8)The Statistical Programme Committee (SPC), established by Council Decision 89/382/EEC, EuratomOJ L 181, 28.6.1989, p. 47., has been consulted in accordance with Article 3 of that Decision,HAVE ADOPTED THIS REGULATION: