Proposal for a Regulation of the European Parliament and of the Council establishing common rules for the provision of basic information on Purchasing Power Parities and for their calculation and dissemination [first reading] - Adoption of the legislative act (LA)

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  • 1. 
    On 23 March 2006, the Commission sent the above proposal , based on Article 285(1) of the TEC, to the Council.

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  • 2. 
    The European Economic and Social Committee delivered its opinion on 13 September 2006 .
  • 3. 
    In accordance with the joint declaration on practical arrangements for the codecision 3

procedure , informal talks were held between the Council, the European Parliament and the Commission with a view to reaching agreement at first reading.

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7887/06. 2

OJ C 318, 23.12.2006, p. 45. 3

OJ C 145, 30.6.2007, p. 5.

  • 4. 
    The European Parliament delivered its opinion at first reading on 26 April 2007, adopting a package of amendments to the Commission proposal. The outcome of voting in the

European Parliament reflects the compromise agreement reached between the institutions and

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should thus be acceptable to the Council .

  • 5. 
    The Permanent Representatives Committee is therefore invited to confirm its agreement and to suggest that the Council adopt the Regulation as set out in PE-CONS 3615/07 as an

"A" item on the agenda at a forthcoming meeting.

After being signed by the President of the European Parliament, the President of the Council

and the Secretaries-General of the two institutions, the legislative act will be published in the

Official Journal of the European Union.

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8734/07.

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