130 OfficialJournaloftheEuropeanCommunities
NoL257/22 OfficialJournal ,oftheEuropeanCommunities 15.11.72
FINANCIAL REGULATION
of7November1972
layingdownspecialprovisionsapplicabletotheEuropeanAgriculturalGuidanceandGuar­
anteeFund,GuaranteeSection
(72/379/EEC)-
Whereasthemakingupoftheaccountsmerely ,consti­
tutesrecognitionbytheCommissionofexpenditurede­
claredbytheMemberStatesunderthemeasurestaken
pursuanttoArticle5ofRegulation(EEC)No729/70,
andanycorrectionstowhichitmaygiverisemustbe
includedintheaccountsofthefinancialyearinwhich
theaccountsweremadeup;
Whereas,inviewoftheenlargementoftheEuropean
Communities ,aspecialmeasureshouldbeadoptedex­
ceptionallyforthetransitionfrom1972tothe1973
financialyear:whereassuchameasurecannotbeconsid­
eredtoderogatefromArticles2and127to132ofthe
ActofAccesionorfromtheprincipleofmanagement
laiddowninthisRegulation:
WhereasexpenditurechargeabletotheGuaranteeSec­
tionoftheFund,inparticularforthelasttwomonthsof
thefinancialyear,iscommunicated byMemberStatesto
theCommissionondateswhichdonotallowbudgetary
arrangements ,inparticularthecommitmentandappro­
priationoffundstobecompletedby31Decemberatthe
latest;whereasadateshouldthereforebesetbefore
whichthosearrangementsmustbecompletedandaspe­
cialprocedurelaiddownforthepaymentofcredits,•THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle209
thereof;
HavingregardtoCouncilRegulation(EEC)No729/
701of21April1970onthefinancingofthecommon
agriculturalpolicy:
HavingregardtotheproposalfromtheCommission :
WhereastheFinancialRegulation 2of30July1968on
theestablishment andimplementation ofthebudgetof
theEuropeanCommunities andontheresponsibilityof
authorizingofficersandaccountingofficersdoesnotal­
lowforthespecialcharacteristics ofexpenditurecharge­
abletotheEuropeanAgriculturalGuidanceandGuar­
anteeFund,GuaranteeSection,from1January1971:
whereasthefinancialprovisionscorresponding tothose
specialcharacteristics mustthereforebelaiddownpend­
ingadoptionoftheunifiedfinancialregulationatpresent
beingprepared.
Whereas,forthefinancingofexpenditurechargeableto
theGuaranteeSectionoftheFundfrom1January1971.
Regulation(EEC)No729/70providedforthepayment
ofadvancesfromtheFundtoMemberStatesfortheir
payingauthoritiesandbodies;whereastheamountofthe
advancesdecideduponbytheCommissionmustremain
withinthelimitsofthetotalamountofthecreditsen­
teredinthebudgetfortheGuaranteeSectionoftheFund
andbethesubjectofglobalprovisionalcommitments :
Whereas,withoutprejudicetothemakingupofaccounts
providedforinArticle5(2)(b)ofRegulation(EEC)No
729/70.expenditureeffectedbyauthoritiesandbodies
underArticle4ofthatRegulationmustbethesubjectof
commitments underheadingsofthebudgetandofap­
propriationschargeableagainstthefinancialyearduring
whichtheexpenditureiseffectedbythoseauthoritiesand
bodies;HASADOPTEDTHISFINANCIAL REGULATION :
Article1
ThisRegulationshallapplyasfrom1January1971to
expenditurefinancedundertheEuropeanAgricultural
GuidanceandGuaranteeFund,GuaranteeSection,in
accordancewithRegulation(EEC)No729/70.
Article2
ForcreditsfromtheGuaranteeSectionoftheEuropean
Agricultural GuidanceandGuaranteeFund,global
provisionalcommitments shallbemadewhichcorre­
spondtotheadvancestobepaidtoMemberStates.
CommissionDecisionsfixingtheamountofsuchad­
vancesinaccordancewithArticle5(2)(a)ofRegulation
(EEC)No729/70shallconstituteglobalprovisional
commitments .Theapprovalofthefinancialcontroller
shallbeintendedsolelytoconfirmthatthesecommit­
mentscorrespondtotheamountoftheadvancesfixedby1OJNoL94.28.4.1970.p.13.
2OJNoL199.10.8.1968,p.1.

OfficialJournaloftheEuropeanCommunities 131
Article6 theCommissionafterconsultingtheFundCommittee
andremainwithinthelimitsofthetotalcreditsentered
intheGuaranteeSectionoftheEuropeanAgricultural
GuidanceandGuaranteeFund.
Article3CreditscommittedgloballyinaccordancewithArticle2
andwhichhavenotbeenthesubjectofcommitment
underheadingsofthebudgetpursuanttoArticle3shall,
asfarastheprovisionsgoverningthecarrying-forward
ofcreditsareconcerned,beassimilatedtothecreditsre­
ferredtoinArticle6(1)(a)oftheFinancialRegulation
of30July1968whenithasnotbeenpossibletomakethe
appropriation providedforinArticle3by31Marchat
•thelatest.
Article7
Paymentseffectedupto31January1973bytheauthori­
ties.andbodiesreferredtoinArticle4ofRegulation
(EEC)No729/70shall,asanexception,beshownin
theaccountsofthefinancialyear1972.Expenditureeffectedbyauthoritiesandbodiesinaccord­
ancewithArticle4ofRegulation(EEC)No729/70
shallbethesubjectofacommitmentbychapter,article
anditemandalsoofanappropriation ,afterexamination
ofthereportstransmittedbyMemberStatesinaccord­
ancewiththemeasurestakenunderArticle5(3)ofthat
Regulation,andafterapprovalbythefinancialcontrol­
ler.Thecommitment shallbemadewithintwomonthsof
receiptofthereportstransmittedbyMemberStates.The
appropriation shallasageneralrulebemadewithinthe
sametimelimit.
ThisArticleshallapplywithoutprejudicetothemaking
upofaccountsprovidedforinArticle5(2)(b)ofRegu­
lation(EEC)No729/70.Article8
Article41.Creditsmadeavailableunderonechapterofexpendi­
turecannotbeusedforotherchapters.
However,theCommissionmayproposetotheCouncil,
notlaterthanonemonthbefore31March,transfersof
creditsfromonechaptertoanother.TheCouncil,acting
byaqualifiedmajority,shalltakeadecisionwithinthree
weeks.Ifithasnottakenadecisionbytheendofthis
periodthecredittransfersshallberegardedasapproved.
2.Withineachchapter,transfersfromonearticleto
anothershallbesubjecttoaCommission Decision
adoptednotlaterthan31Marchinaccordancewiththe
procedurelaiddowninArticle13ofRegulation(EEC)
No729/70.Expenditureshallbeshownintheaccountsofafinancial,
yearonthebasisofpaymentsmadeupto31December
bytheauthoritiesandbodiesreferredtoinArticle4of
Regulation(EEC)No729/70.whentherelevantcom­
mitmentandordertopayreachtheaccountingofficer
notlaterthan31Marchofthefollowingyear.
Article5
DoneatBrussels.7November1972.Anydifferencebetweenexpenditureshownintheac­
countsofafinancialyearinaccordancewithArticle4
andthatrecognizedbytheCommissionwhentheac­
countsaremadeupinaccordancewithArticle5(2)(b)
ofRegulation(EEC)No729/70shallbeshowninthe
accountsofthefinancialyearinwhichtheaccountswere
madeup.FortheCouncil
ThePresident
T.WESTERTERP