# Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure, Division 2: The provisions specified in Column I shall be substituted by the provisions specified in Column II.

Extent: E+W+S+N.I.

Column I
Column II
‘as a rule, within four months of the reporting dates established in Article 3(2) and (3) of Council Regulation (EC) No 479/2009 ’
(Article 3(3))
‘ as a rule, within six 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 ’
‘ as a rule, within sixteen months of reporting dates established in Article 4(2) and (3) of Regulation (EC) No 3605/93 ’
(Article 7)
‘ as a rule, within eighteen months from the end of the budgetary year in which the deficit occurred ’
‘ the preceding year ’
(Article 12(1))
‘ the preceding budgetary year ’

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Source: https://www.legislation.gov.uk/eur/1997/1467/annex/division/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-1997-1467/annex/division-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.