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Regulation (EC) No 1445/2007 of the European Parliament and of the Council of 11 December 2007 establishing common rules for the provision of basic information on Purchasing Power Parities and for their calculation and dissemination (Text with EEA relevance)
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Version Superseded: 31/12/2020
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1.The Commission (Eurostat) shall be responsible for:
(a)coordinating the provision of the basic information;
(b)calculating and publishing PPPs;
(c)ensuring the quality of PPPs, in accordance with Article 7;
(d)developing and communicating methodology, in consultation with the Member States;
(e)ensuring that the Member States have the opportunity to comment on PPP results prior to publication and that due account be taken of any such comment; and
(f)drafting and disseminating the methodological manual referred to in point 1.1 of Annex I.
2.Member States shall follow the procedure set out in Annex I when providing basic information.
Member States shall provide written approval of the survey results for which they are responsible, once the process of data validation has been completed, as specified in point 5.2 of Annex I, within a period of no longer than one month.
Member States shall approve the data collection methodology and check the plausibility of data, including items of basic information provided by the Commission (Eurostat).
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