NoL121/22 OfficialJournaloftheEuropeanCommunities 12.5.90
COMMISSION REGULATION (EEC)No1247/90
of11May1990
ontransitional measures concerning theapplication ofcertainmonetary
compensatory amounts
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishing theEuropean
Economic Community ,
HavingregardtoCommission Regulation (EEC)No
3156/85of11November 1985ontransitional measures
concerning theapplication ofmonetary compensatory
amounts('),asamended byRegulation (EEC)
No3521/88(2),andinparticularArticle11thereof,
WhereasRegulation (EEC)No3156/85laysdowna
framework formeasuresintendedtopreventartificial
trafficatthetimeofchangesinthemonetarycompensa­
toryamounts ;
WhereasCouncilRegulation (EEC)No1179/90(3)fixes
thenewagricultural conversion ratestakingeffectatthe
beginning ofthe1990/91marketing yearformilkand
milkproductsandforbeefandveal;
Whereas thosenewrateshaveresultedinaconsiderable
changeinthescaleofmonetarycompensatory amounts
applicable inparticular inGreeceandtheUnited
Kingdom ;
Whereas ,inviewofthissituation,speculative movements
arelikelytooccuranddeflecttrade;whereas,however,
thetrendinthemarketrateusedforthecalculation of
theMCAsmaysubstantially reducesuchrisksofdeflec­
tion;whereastheapplication ofthetransitional measures
shouldaccordingly besuspended wherethemonetary
gapsapplicable remainwithincertainlimits;
Whereas,inordertopreventsuchdeflections ,for
productslikelytobesubjecttosuchspeculation ,provi­
sionshouldbemadeforthemonetary compensatory
amountsapplicable totheproductsconcerned before
thosenewratesarefixedtoremainapplicable fora
limitedperiodbeyondthatdate;whereasthedatesand
theproductsinquestionmustbedetermined inthelightofthespecificconditions governing themarketing of
suchproducts ;
WhereasthemeasuresprovidedforinthisRegulation are
inaccordance withtheopinionoftherelevantmanage­
mentcommittees ,
HASADOPTED THISREGULATION :
Article 1
Regulation (EEC)No3156/85shallapplyfrom14May
1990underthefollowingconditions :
(a)thedateofthechangesshallbe14May1990;
(b)theinitialdateshallbe1April1990;
(c)theproductsandtheperiodsindicatedinAnnexIto
Regulation (EEC)No3156/85shallbethoseindi­
catedinAnnexIhereto;
(d)application ofAnnexIItoRegulation (EEC)No
3156/85shallbeextended toPartAthereof;the
movements andtheproductsaffectedshallbethose
indicated inAnnexIIhereto.
However ,wherethemarketrateusedforthecalculation
ofthemonetary compensatory amountsreferredtoin
Article3aofRegulation (EEC)No3152/85(4)ismore,
duringatleastthreeconsecutive weeks,than:
ECU1»£0,889146
ECU1=Dr253,939
Regulation (EEC)No3156/85shallnolongerapplyto
themilkandmilkproductssectorandtheMemberState
concerned fromtheMondayfollowing thesaidthree-
weekperiod.
Article2
ThisRegulation shallenterintoforceonthedayofits
publication intheOfficialJournaloftheEuropean
Communities .
ThisRegulation shallbebindinginitsentiretyanddirectlyapplicable inallMember
States.
DoneatBrussels,11May1990.
FortheCommission
RayMACSHARRY
MemberoftheCommission
OOJNoL310,21.11.1985,p.27.
(2)OJNoL307,12.11.1988,p.28.
OOJNoL119,11.5.1990,p.1. OOJNoL310,21.11.1985,p.1.

12.5.90 OfficialJournaloftheEuropean Communities NoL121/23
ANNEXI
Products concerned
(CNcode)Applicable
until
A.Milkandmilkproducts :
0402
0403
040490
0405
0406
2309Ofamilkproductscontentbyweightofnotlessthan50%r14October 1990
B.Beefandveal:
0201
0202
16025010
16029061'23May1990
►17June1990
ANNEXII
A
1 2 3
Exportsfrom Productsconcerned
Greece Products listedinAnnexI
UnitedKingdomDestinations
TotheotherMemberStatesandthird
countries