# Commission Implementing Regulation (EU) 2020/1197 of 30 July 2020 laying down technical specifications and arrangements pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics repealing 10 legal acts in the field of business statistics (Text with EEA relevance), Division 1

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

‘Nature of transaction’ means the different features (purchase/sale, work under contract, etc.) which are deemed to be useful in distinguishing one transaction from another, in particular for the purposes of Balance of Payments and National Accounts.

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Source: https://www.legislation.gov.uk/eur/2020/1197/annex/V/chapter/II/section/14/division/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-1197/annex-V/chapter-II/section-14/division-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.