5.3.94 OfficialJournaloftheEuropeanCommunities NoC68/21
AmendedproposalforaCouncilRegulation(ECSC,EC,Euratom)amendingtheFinancial
Regulationof21December1977applicabletothegeneralbudgetoftheEuropean
Communities(')
(94/C68/09)
COM(93)706final
(SubmittedbytheCommissionpursuanttoArticle189A(2)oftheECTreatyandArticle119(2)
oftheEAECTreatyon4February1994)
OOJNoC68,11.3.1993,p.12.
InthelightoftheopinionsofParliamentandtheCourtofAuditors,theCommissionis
presentingthefollowingproposal:
ORIGINAL PROPOSAL AMENDED PROPOSAL
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,THECOUNCILOFTHEEUROPEANUNION,
HavingregardtotheTreatyestablishingtheEuropean
CoalandSteelCommunity,andinparticularArticle78h
thereof,
HavingregardtotheTreatyestablishingtheEuropean HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle209Community,andinparticularArticle209thereof,
thereof,
HavingregardtotheTreatyestablishingtheEuropean
AtomicEnergyCommunity,andinparticularArticle183
thereof,
HavingregardtotheproposalfromtheCommission,
HavingregardtotheopinionoftheEuropean
Parliament,
HavingregardtotheopinionoftheCourtofAuditors,
Thefollowingrecitalisaddedbeforethefirstrecital:
Whereastheinstitutionshaveagreed,intheInterinstitu­
tionalAgreementof29October1993,toenterinthe
generalbudgetareservetoguaranteeloansto
non-membercountriesandareserveforemergencyaid;
Whereasconciliationtookplaceinaconciliation
committee,asprovidedforintheJointDeclarationof
theEuropeanParliament,theCouncilandthe
Commissionof4March1975('),
(»)OJNoC89,22.4.1975,p.1.

NoC68/22 OfficialJournaloftheEuropeanCommunities 5.3.94
ORIGINALPROPOSAL AMENDED PROPOSAL
WhereasunderCouncilDecision...onbudgetary
disciplinethegeneralbudgetistoincludeareservefor
emergencyaidandareservetoguaranteeCommunity
loansandloanguaranteestononmembercountries;
whereasthosereservesshouldbegivenrecognitioninthe
relevantprovisionsoftheFinancialRegulation;whereas
provisionneedstobemadeforthenecessarybudget
structureinthepresentationofthebudgetnomenclature ;
Thelastrecitalisreplacedbythefollowing:
WhereasthecreationoftheGuaranteeFundunder
CouncilRegulation(EEC,Euratom)No...requires
provisionstobeincludedsothatalloperationsrelating
inwhateverwaytotheGuaranteeFundarerecordedin
thebudget,WhereasthecreationoftheGuaranteeFundunder
CouncilRegulation(EEC,Euratom)No...requires
provisionstobeincludedsothatrepaymentsmadedirect
bytheGuaranteeFundtolendersarerecordedinthe
budget,
HASADOPTEDTHISREGULATION :
Article1 Article1
Article19(7):
'7.Thesubsectionconcerning"Cooperationwith
developingcountriesandotherthirdcountries"shall
includethefollowingtworeserves,theconditionsforthe
entry,utilizationandfinancingofwhicharelaiddown
intheInterinstitutional Agreement,CouncilDecision...
of...onbudgetarydisciplineandCouncilRegulation
(EEC,Euratom)No1552/89:
(a)unchanged;TheFinancialRegulationisamendedasfollows:
1.Thefollowingparagraph(x)isaddedtoArticle19:
*7.Thesubsectionconcerning"Cooperationwith
developingcountriesandotherthirdcountries"shall
includethefollowingtworeserves,theconditionsfor
theentry,utilizationandfinancingofwhicharelaid
downinCouncilDecision...of...onbudgetary
disciplineandinCouncilRegulation(EEC,Euratom)
No1552/89:
(a)areserveforemergencyaidfornon-member
countries;
(b)areservetoguaranteeCommunityloansandloan
guaranteestononmembercountries.'
2.Thefollowingpoint6isaddedtoArticle20:
'6.Asregardsthebudgetaryimpactofthereserveto
guaranteeCommunityloansandloanguarantees
tonon-member countriesandinthosecountries
andofimplementingtheGuaranteeFundsetup
byCouncilRegulation(EEC,Euratom)No...:(b)unchanged.'
Article20,point6:
'Unchanged
(')Thecurrentparagraph7isdeletedbytheproposalin
COM(92)358of2September1992.

5.3.94 OfficialJournaloftheEuropeanCommunities NoC68/23
ORIGINALPROPOSAL AMENDED PROPOSAL
(a)inthegeneralstatementofrevenue: (a)inthegeneralstatementofrevenue:
—unchanged, —aheadingtocoverthefinancingofthe
reservetoguaranteeCommunityloans
andloanguaranteestonon-member
countriesasandwhenitismobilizedin
accordancewithArticle13ofDecision ...
concerningbudgetarydiscipline,
—unchanged, —aheadingtorecordinthebudget
paymentsmadebytheGuaranteeFund,
—aheadingtoallowlaterepaymentsby
defaultingrecipientstobebookedtothe
budgetiftheyarenotmadedirecttothe
GuaranteeFundinaccordancewiththe
thirdindentofArticle2ofRegulation
(EEC,Euratom)No...establishingthe
Fund,—aheadingtoallowlaterepaymentsby
defaultingrecipientstobebookedtothe
budgeteveniftheyaremadedirecttothe
GuaranteeFundinaccordancewiththethird
indentofArticle2ofRegulation(EEC,
Euratom)No...establishingtheFund,
—aheadingtoaccommodatetherepayment —unchanged;
tothebudgetofanyGuaranteeFund
surplusinaccordancewithArticle14of
Decision ...concerningbudgetary
discipline;
(b)intheCommissionsectionofthestatementof(b)intheCommissionsectionofthestatementof
expenditure : expenditure :
—theheadingfortheendowmentofthe
GuaranteeFundinaccordancewiththe
provisionscontainedinArticles2and4of
Regulation(EEC,Euratom)No...estab­
lishingtheGuaranteeFund.'—theheadingfortheendowmentofthe
GuaranteeFundinaccordance withthe
provisionscontainedinArticles2and4of
Regulation(EEC,Euratom)No...estab­
lishingtheGuaranteeFund.
Theremarksagainstthisheadingshallinclude
asummarytableofalloperationsconcerning
theFund.Thistableshallbeupdatedperi­
odically.'
3.Thefollowingparagraph11isaddedtoArticle26:Unchanged
*11.)Decisionsontransferstoallowtheutilization
ofthereservetoguaranteeCommunityloansand
loanguaranteestonon-membercountriesandthe
reserveforemergencyaidshallbetakenbythe
budgetaryauthorityinaccordancewithparagraph5.'

NoC68/24 OfficialJournaloftheEuropeanCommunities 5.3.94
ORIGINALPROPOSAL AMENDED PROPOSAL
4.ThefollowingTitleXaisinserted:
'TITLEXa
Specialprovisionsapplicabletotherecordinginthe
generalbudgetofrepaymentsmadedirectbythe
GuaranteeFund
Article123a
InaccordancewithArticle1ofRegulation(EEC,
Euratom)No...settinguptheGuaranteeFund,the
GuaranteeFundshallmakepaymentsdirectto
lendersintheeventthatloanrecipientsdefault.
Inordertorecordtheseoperationsinthegeneral
budget,whichprovidestheguaranteeoftheir
performance ,thefollowingprocedureshallapply:
—theamountpaidbytheGuaranteeFundshallbe
recordedbytheissueofarecoveryorderwithin
sevenworkingdaysfortheheadingspecifically
enteredforthispurposeinthestatementof
revenueinaccordancewithArticle20(6),
—atthesametimeasthisentryinthestatementof
revenue,anappropriation ofthesameamount
shallbeenteredunderthecorresponding heading
inthestatementofexpenditure—carryinga
tokenentryinaccordancewithArticle20(5)(b)
—torecordtheexpenditureeffected,in
accordancewiththerelevantprovisionsinPartI
ofSectionIIIofTitleIII.'
Article2
ThisRegulationshallenterintoforceonthethirdday
followingitspublicationintheOfficialJournalofthe
EuropeanCommunities .
Itshallapplyfrom...
ThisRegulationshallbebindinginitsentiretyand
directlyapplicableinallMemberStates.