
COMMISSION REGULATION (EC) No 707/2009 of 5 August 2009 amending Regulation (EC) No 184/2005 of the European Parliament and of the Council on Community statistics concerning balance of payments, international trade in services and foreign direct investment, as regards the update of data requirements 

THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
Having regard to Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment, and in particular Article 10 thereof,
Whereas:

(1) Regulation (EC) No 184/2005 establishes a common framework for the systematic production of Community statistics on balance of payments, international trade in services and foreign direct investment.

(2) Due to the economic and technical developments in the area of balance of payments, it is necessary to regularly update the data requirements and to adapt the level of the breakdown laid down in Regulation (EC) No 184/2005.

(3) The adoption of Regulation (EC) No 1161/2005 of the European Parliament and of the Council of 6 July 2005 on the compilation of quarterly non-financial accounts by institutional sector has resulted in a need for additional balance of payments statistics.

(4) In order to improve the accuracy of aggregates for income and current account at the Community level, to ensure consistency between the aggregation method for Portfolio Investment Income (current account) and Portfolio Investment flows (financial account), and to ensure consistency between calculations of the European Commission (Eurostat) and those of the European Central Bank (ECB), it is necessary to introduce certain amendments of the data requirements in Table 1 ‘Balance of payments euro indicators’ and Table 2 ‘Balance of payments quarterly statistics’ of Annex I to Regulation (EC) No 184/2005.

(5) The accession of Bulgaria and Romania to the European Union and the adoption of the euro by Slovenia, Cyprus, Malta and Slovakia require corresponding changes to be made in Table 6 ‘Geographical breakdown levels’ of Annex I to Regulation (EC) No 184/2005.

(6) Following the adoption of Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing 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, it is necessary to adapt the activity breakdown levels in Table 7 ‘Activity breakdown levels’ of Annex I to Regulation (EC) No 184/2005.

(7) The measures provided for in this Regulation, are in accordance with the opinion of the Balance of Payments Committee set up by Regulation (EC) No 184/2005,
HAS ADOPTED THIS REGULATION:

Article 1 
Annex I to Regulation (EC) No 184/2005 is amended as set out in the Annex to this Regulation.
Article 2 
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, 5 August 2009.
For the Commission
Joaquín ALMUNIA
Member of the Commission
ANNEX

Annex I to Regulation (EC) No 184/2005 is amended as follows:

1.. Starting from the first reference period in 2009, point 1 is replaced by the following:
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1.
Balance of payments euro indicatorsBOP EUREuro Indicators Deadlinet + 2 monthsPeriodicityQuarterFirst reference periodFirst quarter of 2009
Credit Debit Net
Current Account
Goods Extra-EU Extra-EU Extra-EU
Services Extra-EU Extra-EU Extra-EU
Income

— Compensation of employees
 Extra-EU Extra-EU Extra-EU
— Investment Income

— Direct Investment
 Extra-EU Extra-EU Extra-EU

— Portfolio Investment
 Extra-EU  World

— Other investment
 Extra-EU Extra-EU Extra-EU
Current transfers Extra-EU Extra-EU Extra-EU
'
2.. Starting from the first reference period in 2009, point 2 is replaced by the following:
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2.
Balance of payments quarterly statisticsBOP QQuarterly Data Deadlinet + 3 monthsPeriodicityQuarterFirst reference periodfirst quarter of 2009
Credit Debit Net

I. Current Account
 World World World
Goods Level 1 Level 1 Level 1
Services Level 1 Level 1 Level 1
Transportation Level 1 Level 1 Level 1
Travel Level 1 Level 1 Level 1
Communications services Level 1 Level 1 Level 1
Construction services Level 1 Level 1 Level 1
Insurance services Level 1 Level 1 Level 1
Financial services Level 1 Level 1 Level 1
Computer and information services Level 1 Level 1 Level 1
Royalties and licence fees Level 1 Level 1 Level 1
Other business services Level 1 Level 1 Level 1
Personal, cultural and recreational services Level 1 Level 1 Level 1
Government services, not included elsewhere. Level 1 Level 1 Level 1
Income World World World
Compensation of employees Level 1 Level 1 Level 1
Investment Income World World World

— Direct Investment
 Level 1 Level 1 Level 1
Income on equity   
Dividends and distributed profits   
Reinvested earnings and undistributed profits   
Income on debt (interest)   

— Portfolio Investment
 Level 1  World
Income on equity   World
Income on debt (interest)   World

— Other investment
 Level 1 Level 1 Level 1
Interest BPM5 (not adjusted for FISIM)   
Income attributed to insurance policy holder   
Other   
Memorandum Items — income   
Investment income — interest SNA93 (adjusted for FISIM)   World
Value of FISIM   
Investment income — interest BPM5 (not adjusted for FISIM)   World
Investment income — other than interest   World
Current transfers Level 1 Level 1 Level 1
General Government   
Taxes on products   
Other taxes on production   
Subsidies on products   
Other subsidies on production   
Taxes on income, wealth, etc.   
Social contributions   
Social benefits other than social transfers in kind   
Other current transfers of general government n.i.e.   
Other sectors   
Workers' remittances   
Other private transfers   
Taxes on products   
Other taxes on production   
Subsidies on products   
Other subsidies on production   
Taxes on income, wealth, etc.   
Social contributions   
Social benefits other than social transfers in kind   
Net non-life insurance premiums   
Non-life insurance claims   
Other current transfers of other sectors n.i.e.   
Adjustments for the change in net equity of households in pension fund reserves   

II. Capital account
 Level 1 Level 1 Level 1
Capital transfers   
Capital taxes   
Investment grants and other capital transfers   
Acquisition/disposal of non-produced, non-financial assets   
 Net assets Net liabilities Net

III. Financial Account
   
Direct Investment   Level 1
Abroad   Level 1

— Equity capital
   Level 1

— Reinvested earnings
   Level 1

— Other capital
   Level 1
In the reporting economy   Level 1

— Equity capital
   Level 1

— Reinvested earnings
   Level 1

— Other capital
   Level 1
Portfolio Investment Level 1 World 
Financial derivatives   World
Other Investment Level 1 Level 1 Level 1
Official reserve assets World  

IV. Net errors and omissions
   World
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3.. Point 6 is amended as follows:

((a)) in the table, the column ‘Level 1’ is amended as follows:

((i)) the entry ‘D3 EU-25 (Intra-EU-25)’ is replaced by the entry ‘V1 EU-27 (Intra-EU-27)’;
((ii)) the entry ‘D5 Extra-EU-25’ is replaced by the entry ‘V2 Extra-EU-27’;
((iii)) the entry ‘Z8 Extra-EU-25 non-allocated’ is replaced by the entry ‘Z8 Extra-EU-27 non allocated’;
((b)) in the table, the column ‘Level 2’ is amended as follows:

((i)) the entry ‘D3 EU-25 (Intra-EU-25)’ is replaced by the entry ‘V1 EU-27 Intra-EU-27)’;
((ii)) the entry ‘D5 Extra-EU-25’ is replaced by the entry ‘V2 Extra-EU-27’;
((iii)) the entry ‘BG Bulgaria’ is deleted;
((iv)) the entry ‘RO Romania’ is deleted;
((v)) the entry ‘Z8 Extra-EU-25 non-allocated’ is replaced by the entry ‘Z8 Extra-EU-27 non allocated’;
((c)) in the table, the column ‘Level 3’ is amended as follows:

((i)) the entry ‘CS Serbia and Montenegro’ is deleted;
((ii)) the entry ‘ME Montenegro’ is inserted after the entry ‘MD Moldova, Republic of’;
((iii)) the entry ‘RS Serbia’ is inserted after the entry ‘QA Qatar’.
4.. Beginning with the annual transmission in 2011 point 7 is replaced by the following:
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7.
Activity breakdown levelsLevel 1 Level 2 NACE rev. 2
 AGRICULTURE, FORESTRY AND FISHING sec A
MINING AND QUARRYING MINING AND QUARRYING sec B
 Extraction of crude petroleum, natural gas and mining support service activities div 06, 09
MANUFACTURING MANUFACTURING sec C
 Food products, beverages and tobacco products div 10, 11, 12
 TOTAL textiles & wood activities div 13, 14, 16, 17, 18
 Textiles and wearing apparel div 13, 14
 Wood, paper, printing and reproduction div 16, 17, 18
Petroleum, chemicals, pharmaceutical products, rubber & plastic products TOTAL petroleum, chemicals, pharmaceutical products, rubber & plastic products div 19, 20, 21, 22
 Coke and refined petroleum products div 19
 Chemicals and chemical products div 20
 Rubber and plastic products div 22
 TOTAL metal & machinery products div 24, 25, 26, 28
 Basic metals and fabricated metal products div 24, 25
Computer, electronic and optical products Computer, electronic and optical products div 26
 Machinery and equipment n.e.c. div 28
Vehicles, other transport equipment TOTAL vehicles & other transport equipment div 29, 30
 Motor vehicles, trailers and semi trailers div 29
 Other transport equipment div 30
 TOTAL of other manufacturing div 15, 23, 27, 31, 32, 33
ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sec D
WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sec E
 Water collection, treatment and supply div 36
 Sewerage, waste management, remediation activities div 37, 38, 39
CONSTRUCTION CONSTRUCTION sec F
TOTAL SERVICES TOTAL SERVICES sec G, H, I, J, K, L, M, N O, P, Q, R, S, T, U
WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sec G
 Wholesale and retail trade and repair of motor vehicles and motorcycles div 45
 Wholesale trade, except of motor vehicles and motorcycles div 46
 Retail trade, except of motor vehicles and motorcycles div 47
TRANSPORTATION AND STORAGE TRANSPORTATION AND STORAGE sec H
 TOTAL transport and storage div 49, 50, 51, 52
 Land transport and transport via pipelines div 49
 Water transport div 50
 Air transport div 51
 Warehousing and support activities for transportation div 52
 Postal and courier activities div 53
ACCOMMODATION AND FOOD SERVICE ACTIVITIES ACCOMMODATION AND FOOD SERVICE ACTIVITIES sec I
INFORMATION AND COMMUNICATION INFORMATION AND COMMUNICATION sec J
 Motion picture, video, television programme production, other entertainment activities div 59, 60
 Telecommunications div 61
 Other information and communication activities div 58, 62, 63
FINANCIAL AND INSURANCE ACTIVITIES FINANCIAL AND INSURANCE ACTIVITIES sec K
 Financial intermediation, except insurance and pension funding div 64
 Activities of holding companies group 64,2
 Insurance, reinsurance and pension funding, except compulsory social security div 65
 Other financial activities div 66
 REAL ESTATE ACTIVITIES sec L
PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sec M
 Legal and accounting activities div 69
 Legal activities group 69,1
 Accounting, bookkeeping and auditing activities; tax consultancy group 69,2
 Activities of head offices; management consultancy activities div 70
 Activities of head offices group 70,1
 Management consultancy activities group 70,2
 Architecture and engineering activities; technical testing and analysis div 71
Scientific Research and development Scientific Research and development div 72
 Advertising and market research div 73
 Advertising group 73,1
 Market research and public opinion polling group 73,2
 Other professional, scientific and technical activities, veterinary activities div 74, 75
 ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sec N
 Rental and leasing activities div 77
 Other administrative and support service activities div 78, 79, 80, 81, 82
 EDUCATION sec P
 HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sec Q
ARTS, ENTERTAINMENT AND RECREATION ARTS, ENTERTAINMENT AND RECREATION sec R
 Creative, arts and entertainment activities div 90
 Libraries, archives, museums and other cultural activities div 91
 Sporting and other recreational activities; gambling and betting activities div 92, 93
 OTHER SERVICE ACTIVITIES sec S
 Activities of membership organizations div 94
 Repair of computers and personal and household goods, other personal service activities div 95, 96
 Not allocated 
 Private purchases and sales of real estate '
