ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(74)1873
Vol.1974/0296

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COMMISSION OFTHEEUROPEANCOMMUNITIES
COM(74)1873final
Brussels,15November1974
PROPOSAL FORA
REGULATION(EEC)OFTHECOUNCIL
amendingRegulation(EEC)Ho2737/73layingdowngeneralrulesto"be
appliedintheerrantofthericemarket "beingdisturbed
(submittedtotheCouncilbytheCommission)
COM(74)1373final

EXPLANATORY I-ETIORANDUI1
InitsdraftRegulationentitled"amendingRegulationNo359/67/eEConthe
commonorganisation ofthemarketinrice"theCommissionproposed,inter
alia,anamendmentofArticle21,Itwasproposedtobasethetriggeringof
measurestobetakenincaseofdisturbance ofthemarketondatawhichcon­
formedmorecloselytotheaimsofArticle2,insteadofconsideringcifand
thresholdprices.
Alevelnearthethresholdpriceandquotationsandpricesontheworldmarket
wereconsidered moresuitableforthispurpose.TheamendmentofArticle21
necessitatesacorresponding changeinCouncilRegulation(EEC)No2737/741
thischangeistheprincipalaimoftheattacheddraftRegulation.
t

PROPOSALFORA
RTJJUIATIQJT(EEC)OPTHECCDITCIL
amendingRegulation(ESC)Ho2737/73layingdowngeneral
rulestobeappliedintheeventofthericemarketbeing •
disturbed
THECOUNCILOPTHEEUROPEANCOJEIuHITIES ,
HavingregardtotheTreatyestablishing theEuropeanEconomicCommunity;
HavingregardtoCouncilRegulationNo359/67/SEC^of25July19^7onthe
commonorganisationofthemarketinrice,aslastamendedbyRegulation(EEC)
Ho/74andinparticularArticle19(2)thereof|
HavingregardtotheproposalfromtheCommissions
WhereasArticle1ofCouncilRegulation(EEC)No2737/73^of8October1973
layingdowngeneralrulestobeappliedintheeventofthericemarketbeing
disturbedspecificsinparticularthecircumstances whichmustobtainbefore
themeasurestobeappliedintheeventofadisturbanceareputintoeffoot|
whereas,followingtheamendmentbyRegulation(EEC)NoofArticle
21ofRegulationNo359/67/EEC,ithasbecomenecessarytoamendtheabovemcn–
tionedArticle1also,particularly inordertoapooifytheexactlevelatwhich
themeasuresmaybetakons
Article1
Articlel(l)and(2)ofRegulation(EEC)No2737/73areplaced
bythefollowing:
"1.ForthepurposesofArticle21ofRegulationHo359/^7/SEC,quotationsand
pricesontheworldmarketshallberegardedashavingreachedalevel-closeto
thatofthethresholdpricewhentheyexceed(90$ofthethresholdprice*
2.Thissituationshallboregardedasbeinglikelytocontinueortodeteriorate
whereanimbalancebetweensupplyanddemandisestablished andwherethis
imbalanceislikelytopersisthavingregardtoforeseeableproductionand
marketpricetrends."
OJNo174,31.7.1967,P.1^'^DraftRegulationamendingRegulationNo359/67/2EConthecommonorganisation
ofthemarketinrice.
OJNoL282,9.10.1973,p.13rj -r*–
**liPI&gSfe^on^^Lted infootnote2.

-2r
Article 2
This Regulation shall enter into force onthethird dayfollowing itspublication
inthe Off&cial Journal oftheEuropean Communities *
This Regulation shall "be "binding initsentirety anddirectly applicable in
allMember States .
Done atBrussels , FortheCouncil
The President
/