# Regulation (EU) No 473/2013 of the European Parliament and of the Council of 21 May 2013 on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area, Article 16: Review and reports on the application of this Regulation

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

1. By 14 December 2014, and every five years thereafter, the Commission shall submit to the European Parliament and to the Council a report on the application of this Regulation, accompanied, where appropriate, by a proposal to amend this Regulation. The Commission shall make that report public.
The reports referred to in the first subparagraph shall evaluate, inter alia:
(a) the effectiveness of this Regulation;
(b) progress in ensuring closer coordination of economic policies and sustained convergence of economic performances of the Member States in accordance with the TFEU;
(c) the contribution of this Regulation to the achievement of the Union’s strategy for growth and jobs.
2. By 31 July 2013, the Commission shall report on the possibilities offered by the Union's existing fiscal framework to balance productive public investment needs with fiscal discipline objectives in the preventive arm of the SGP, while complying with it fully.

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Source: https://www.legislation.gov.uk/eur/2013/473/article/16 (the official version)
Page: https://openlegislation.uk/eu-regulation-2013-473/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.