NoC 129/18 Official Journal of the European Communities 18. 5. 88 
Article 11 
1. The Commission shall set up a data bank in order 
to improve competition in the pharmaceuticals sector and 
to encourage the more efficient use of medicinal 
products in the Community. 
2. For each medicinal product authorized in the 
Community, the data bank shall contain as a rule: 
(a) a summary of the characteristics of the product as 
mentioned in Articles 4a and 4b of Directive 
65/65/EEC; 
(b) its ex-factory and retail prices; 
(c) an estimate of the cost of the usual daily dose; 
(d) the manner in which it is dispensed to the patient 
(self-medication, prescription only, hospital use 
only). 
3. The Member States, the manufacturers and 
importers shall cooperate with the Commission in setting 
up the data bank, to which they shall have access. 4. By 31 December 1992, the Commission shall 
publish a list of medicinal products authorized in the 
Community containing the information mentioned in 
paragraph 2. 
Article 12 
1. Member States shall bring into force the laws, 
regulations and administrative provisions necessary to 
comply with this Directive by 1 January 1989 at the 
latest. They shall forthwith inform the Commission 
thereof. 
2. Before the date referred to in paragraph 1, Member 
States shall communicate to the Commission the texts of 
any laws, regulations or administrative provisions 
relating to the pricing of medicinal products, the profit­
ability of manufacturers of medicinal products and the 
coverage of medicinal products by the national health 
insurance system. Amendments and modifications to 
these laws, regulations or administrative provisions shall 
be communicated to the Commission forthwith. 
Article 13 
This Directive is addressed to the Member States. 
Proposal for a Council Regulation (EEC) amending Regulation (EEC) No 1883/78 laying down 
general rules for the financing of interventions by the European Agricultural Guidance and 
Guarantee Fund, Guarantee Section 
COM(88) 195 final 
(Submitted by the Commission to the Council on 27 April 1988) 
(88/C 129/16) 
THE COUNCIL OF THE EUROPEAN COMMUNITIES, 
Having regard to the Treaty establishing the European 
Economic Community, 
Having regard to Council Regulation (EEC) No 729/70 
of 21 April 1970 on the financing of the common agri­
cultural policy (x), as last amended by Regulation (EEC) 
No 3183/87(2), and in particular Article 3(2) thereof, 
Having regard to the proposal from the Commission, 
Having regard to the opinion of the European 
Parliament, 
Whereas Council Regulation (EEC) No 1883/78 (3), as 
last amended by Regulation (EEC) No 801/87 (4), 
included basic rules for the financing of intervention 
measures in the form of public storage; 
O OJ No L 94, 28. 4. 1970, p. 13. 
(2) OJ No L 304, 27. 10. 1987, p. 1. 
(J) OJ No L 216, 5. 8. 1978, p. 1. 
(4) OJ No L 79, 21. 3. 1987, p. 14. Whereas the rules on the depreciation of products stored 
given in Articles 7 and 8 of that Regulation must, be 
adapted to the new guidelines as regards the financing of 
agricultural expenditure set out in the Conclusions of the 
European Council of 11 and 12 February 1988; 
Whereas from 1989 onwards, the value of agricultural 
products bought in under the market organization regu­
lations should generally be depreciated directly on 
buying in; 
Whereas extraordinary depreciations will be effected 
during the years 1989 to 1992 on the basis of appropri­
ations entered for this purpose in the respective 
Community budgets; 
Whereas the provisions adopted in Council Regulation 
(EEC) No 1334/86 (5) amending Regulation (EEC) No 
1883/78 and authorizing the Commission to reduce the 
standard interest rate and the standard amounts used for 
(') OJ No 119, 8. 5. 1986, p. 18. 
18. 5. 88 Official Journal of the European Communities No C 129/19 
the calculation of public storage costs are to be extended 
until 1992, as intervention stock levels have not yet 
substantially declined, 
HAS ADOPTED THIS REGULATION: 
Article 1 
Regulation (EEC) No 1883/78 is hereby amended as 
follows: 
1. The second paragraph of Article 5 is replaced by the 
following: 
'Notwithstanding the provisions of the first 
subparagraph, the Commission is hereby authorized, 
in respect of 1989 to 1992, to set the standard interest 
rate at a level below its representative rate. If the 
interest rate borne by a member State or if the market 
rate in this Member State is lower than the rate fixed, 
the Commission may fix the standard interest rate at 
this lower level.' 
2. The second paragraph of Article 6 is replaced by the 
following: 
'Notwithstanding the first subparagraph, the 
Commission is hereby authorized, in respect of 1989 
to 1992, to fix the uniform standard amounts at a 
level corresponding to three-quarters of the uniform 
standard amounts established on the normal basis. 
3. Articles 7 and 8 are replaced by the following: 
'Article 7 
In the annual accounts referred to in Article 4(1), the 
quantities of products in storage to be carried forward 
to the following year shall, as a rule, be valued at 
their buying-in price. Procedures for fixing the price 
for the quantities to be carried out to the following 
year shall be determined for the various products on 
the basis of the book values recorded by the inter­
vention agencies in accordance with the procedure 
laid down in Article 13 of Regulation (EEC) No 
729/70. Article 8 
1. Where, for a given product, the sale price 
estimates for products stored in public intervention 
fall short of their buying-in price, a depreciation 
percentage shall be applied when the relevant product 
is bought in. Such percentage shall be fixed for each 
product in accordance with the procedure laid down 
in Article 13 of Regulation (EEC) No 729/70 before 
the beginning of each year. 
2. The depreciation percentage shall not exceed the 
difference between the buying-in price and the fore­
seeable disposal price for the relevant product. 
3. The Commission may restrict depreciation at the 
time of buying in to a part of the percentage 
calculated in accordance with paragraph 2. This part 
cannot be less than 70 % of the depreciation fixed 
under the provisions of paragraph 1. In such cases, 
the Commission shall proceed to a second de­
preciation at the end of the year, in accordance with 
the method indicated at paragraph 5. 
4. From 1989 to 1992, extraordinary depreciations 
shall be effected at the beginning of each year on the 
basis of the appropriations entered in the respective 
Community budgets. 
5. For this depreciation, the Commission shall 
determine, according to the procedure laid down in 
Article 13 of Regulation (EEC) No 729/70, the 
overall amounts of depreciation by product and by 
Member State.' 
Article 2 
This Regulation shall enter into force on the day 
following its publication in the Official Journal of the 
European Communities. 
It shall apply from 1 October 1988. 
This Regulation shall be binding in its entirety and 
directly applicable in all Member States.