Annexes to COM(1996)496-2 - Speeding up and clarifying the implementation of the excessive deficit procedure - Main contents

Please note

This page contains a limited version of this dossier in the EU Monitor.

dossier	COM(1996)496-2 - Speeding up and clarifying the implementation of the excessive deficit procedure.
document	COM(1996)496
date	July 7, 1997

ANNEX

TIME LIMITS APPLICABLE TO THE UNITED KINGDOM

In order to ensure equal treatment of all Member States, the Council, when taking decisions in Sections 2, 3 and 4 of this Regulation, shall have regard to the different budgetary year of the budgetary year of the United Kingdom, with a view to taking decisions with regard to the United Kingdom at a point in its budgetary year similar to that at which decisions have been or will be taken in the case of other Member States.

For the provisions specified in Column I below there shall be substituted the provisions specified in Column II.

Column I	Column II
‘three months of the reporting dates established in Article 4 (2) and (3) of Council Regulation (EC) No 3605/93’ (Article 3, (3))	‘five months after the end of the budgetary year in which the deficit occurred’
‘the year following its identification’ (Article 3(4))	‘the budgetary year following its identification’
‘ten months of the reporting dates pursuant to Council Regulation (EC) No 3605/93 as referred to in Article 3(3) of this Regulation’ (Article 7)	‘twelve months from the end of budgetary year in which the deficit occurred’
‘the preceding year’ (Article 12(1))	‘the preceding budgetary year’