
Article 1 
Member States shall transmit to the Commission (Eurostat) data in electronic form, through the Single Entry Point for data, maintained by the Commission (Eurostat).
The Commission (Eurostat) shall make available detailed documentation in relation to this Single Entry Point and shall supply guidelines on how to implement data transmission approaches compatible with it.
Article 2 
Member States shall use the data format ‘Gesmes’, in conformity with the interchange standards specified by the Commission (Eurostat). The Commission (Eurostat) shall make available detailed documentation in relation to these standards and shall supply guidelines on how to implement these standards in accordance with the requirements of this Regulation.
No proprietary data format shall be used.
Article 3 
The technical specifications of the data structure shall be as given in the Annex to this Regulation.
Article 4 
This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 18 April 2006.
For the Commission
Joaquín ALMUNIA
Member of the Commission
ANNEX
Standardisation of data record structures is fundamental for efficient data processing. It is a necessary stage for providing data conforming to the interchange standards specified by the Commission (Eurostat). Gesmes format is the exclusive means of transmitting data on balance of payments statistics from Member States to the Commission (Eurostat).

The following five data sets will be used for balance of payments reporting:


Data set identifier Description
BOP_EUR_Q Euro indicators
BOP_FDI_A Foreign direct investments
BOP_ITS_A International trade in services
BOP_POS_A Foreign direct investment positions
BOP_Q_Q Quarterly statistics

This section gives an overview of the data structure, code lists and attributes to be used. The available values of the attributes are to be found in the most recent version of the Eurostat Balance of Payments Vademecum.
 (1)  (a) Definition: the frequency of the series
 (b) Name of the code list: CL_FREQ
 (c) Format: AN1
 (2)  (a) Definition: the country or geographical/political group of countries related to measured economic phenomenon. This entity is also called ‘reporter’
 (b) Name of the code list: CL_AREA_EE
 (c) Format: AN2
 (d) Abbreviations used for type: COU country, ECO economic zone, GEO geographical zone, ORG international organisation
 (3)  (a) Definition: indicates whether a seasonal adjustment and/or working day adjustment has been applied or not
 (b) Name of the code list: CL_ADJUSTMENT
 (c) Format: AN1
 (4)  (a) Definition: describes the data type, e.g. stock, flow, for balance of payments statistics.
 (b) Name of the code list: CL_DATA_TYPE_BOP
 (c) Format: AN1
 (5)  (a) Definition: coded item from breakdown of the BOP
 (b) Name of the code list: CL_BOP_ITEM
 (c) Format: AN8
 (d) Abbreviations used for type: STD standard component, MEM memorandum item, SUP supplementary information, XOE Eurostat/OECD or Eurostat item, ECB item, IIP International Investment Position
 (6)  (a) Definition: it refers to currency breakdown for transactions and positions
 (b) Name of the code list: CL_CURR_BRKDWN
 (c) Format: AN1
 (7)  (a) Definition: the country or geographical/economical group of countries within which the reference area or reporter (ref_area) had the transaction
 (b) Name of the code list: CL_AREA_EE
 (c) Format: AN2
 (8)  (a) Definition: currency of denomination (common currency e.g. Euro or ECU or USD or national currency, etc.) or special drawing rights
 (b) Name of the code list: CL_SERIES_DENOM
 (c) Format: AN1
 (9)  (a) Definition: resident economic activity
 (b) Name of the code list: CL_BOP_EC_ACTIV_R1
 (c) Format: N4
 (10)  (a) Definition: non-resident economic activity
 (b) Name of the code list: CL_BOP_EC_ACTIV_R1
 (c) Format: N4
 (11)  (a) Definition: information on quality of value or an unusual or missing value
 (b) Name of the code list: CL_OBS_STATUS
 (c) Format: AN1
 (12)  (a) Definition: information about whether the observation can be made public outside the receiving institution or not
 (b) Name of the code list: CL_OBS_CONF
 (c) Format: AN1
 (13)  (a) Definition: entity that sends the data
 (b) Name of the code list: CL_ORGANISATION
 (c) Format: AN3
 (14)  (a) Definition: entity that receives the data
 (b) Name of the code list: CL_ORGANISATION
 (c) Format: AN3
