COUNCIL REGULATION (EEC) No 503/86 of 25 February 1986 fixing, for the period 1 March to 31 December 1986, the guide prices for certain fishery products listed in Annex I A and E of Regulation (EEC) No 3796/81, and amending Regulation (EEC) No 3602/85 as regards the guide price for Atlantic sardines and anchovies

THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 3796/81 of 29 December 1981 on the common organization of the market in fishery products (1), as last amended by the Act of Accession of Spain and Portugal, Having regard to the proposal from the Commission, Whereas Article 26, in conjunction with Annex I, Part XV, Section 4 of the Act of Accession, extended the price arrangements laid down by Regulation (EEC) No 3796/81 to cover Spanish mackerel, megrim, Ray's bream, monkfish, edible crabs and Norway lobsters; Whereas Article 10 (1) and (2) of Regulation (EEC) No 3796/81 provides that, for each of the products listed in Annex I (A) and (E) of the said Regulation, a guide price shall be fixed at a level such that it helps to stabilize market prices while avoiding the formation of surpluses in the Community; whereas this price level must also help support producers' incomes whilst taking consumers' interests into consideration; whereas, consequently, the guide prices for the abovementioned new species should be fixed on the basis of the same criteria; Whereas, with regard to Atlantic sardines and anchovies, Articles 169 and 356 of the Act provide for a particular price alignment regime over a period of 10 years for the former and five years for the latter; whereas alignment of the guide prices for Atlantic sardines must be implemented towards the level of the guide price for Mediterranean sardines; whereas the first stage of this price alignment must take place on 1 March 1986 and, therefore, guide prices applicable to Spain and Portugal should be fixed for the period 1 March to 31 December 1986 and Council Regulation (EEC) No 3602/85 of 17 December 1985 fixing the guide prices for the fishery products listed in Annex I (A) and (D) of Regulation (EEC) No 3796/81 for the 1986 fishing year (2) should be amended in respect of the guide prices for these two species, HAS ADOPTED THIS REGULATION:

Article 1

1. For the fishing year from 1 March to 31 December 1986, the guide prices for the products included by the Act of Accession in the price arrangements laid down by Regulation (EEC) No 3796/81 and the categories to which they relate shall be as shown in Annex I. 2. The guide prices for Atlantic sardines and anchovies, fixed for the 1986 fishing year by Regulation (EEC) No 3602/85, shall be adjusted as shown in Annex II.

Article 2

This Regulation shall enter into force on 1 March 1986.

This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 25 February 1986. For the Council The President G. BRAKS

(1) OJ No L 379, 31. 12. 1981, p. 1. (2) OJ No L 344, 21. 12. 1985, p. 1.

ANNEX I

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and presentation are defined pursuant to Article 2 of Regulation (EEC) No 3796/81.

ANNEX II

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