Recital 4

(4)The EuroGroups Register is intended to ensure that Union guidance, such as Commission Recommendation 2003/361/EC ⁴ , which is of relevance for European business statistics, can be more effectively followed, in particular with respect to the identification of autonomous enterprises as defined in Article 3 of that Recommendation. Such Union guidance is needed to foster legal certainty and business predictability and to create a level playing field for Union-based small and medium-sized enterprises (SMEs).