Commission Regulation (EC) No 1971/2002 of 5 November 2002 adjusting certain compensatory agrimonetary aid granted in the United Kingdom and Sweden
Date: 2002-11-05
Institutions: European Commission
Subjects: Sweden, United Kingdom, agri-monetary policy, aid to agriculture, exchange rate, monetary compensatory amount

L 302/28

EN

Official Journal of the European Communities

6.11.2002

COMMISSION REGULATION (EC) No 1971/2002

of 5 November 2002

adjusting certain compensatory agrimonetary aid granted in the United Kingdom and Sweden

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 2799/98 of 15
December 1998 establishing agrimonetary arrangements for
the euro (1), and in particular Article 5 thereof,

Whereas:

(1)

(2)

(3)

(4)

the first

For Sweden and the United Kingdom, the maximum
amounts of
tranches of compensatory aid
resulting from the exchange rates applicable on 1 July
2000 and 1 August 2000 are laid down respectively in
Commission Regulations (EC) No 1612/2000 of 24 July
2000 (2) and (EC) No 2293/2000 of 16 October
2000 (3).

For the United Kingdom, the maximum amounts of the
first tranche of compensatory aid resulting from the euro
conversion rates applicable on 1 July 2001 are laid
down by Commission Regulation (EC) No 1966/
2001 (4).

Article 5(3) of Regulation (EC) No 2799/98 lays down
that the amounts paid out under the second and third
tranches of aid shall each be reduced, in relation to the
level of the previous tranche, by at least a third of the
amount paid out in the first tranche; Article 5(4) lays
down that the amounts of the second and third tranches
shall be reduced or cancelled depending on the extent to
which income is affected by any movements in the
conversion rates recorded on the first day of
those
tranches.

Under Council Regulation (EC) No 1672/2000 of 27 July
2000 amending Regulation (EC) No 1251/1999 estab-
lishing a support system for producers of certain arable
crops, to include flax and hemp grown for fibre (5), from
the 2001/2002 marketing year onwards flax and hemp
grown for fibre are included in the support system for
certain arable crops. Consequently, from that marketing
year onwards, the date of the operative event for area
payments in respect of flax and hemp grown for fibre
has moved from 1 August to 1 July.

(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 185, 25.7.2000, p. 36.
(3) OJ L 262, 17.10.2000, p. 12.
(4) OJ L 268, 9.10.2001, p. 24.
(5) OJ L 193, 29.7.2000, p. 13.

(5)

(6)

(7)

Examination of the rates laid down for the pound ster-
ling and the Swedish krona by Regulation (EC) No
1468/2002 of 12 August 2002 setting the conversion
rate applicable to certain direct aids whose operative
event is 1 July 2002 (6) indicates that those currencies
have depreciated.

For the United Kingdom, therefore, the third tranche of
the compensatory aid whose operative
falls
between 1 July 2000 and 1 August 2000 should be
cancelled, as well as the second tranche of compensatory
aid whose operative event falls on 1 July 2001.

event

Under Commission Regulation (EC) No 1967/2001 of 8
October 2001 adjusting certain compensatory agrimone-
tary aids granted in Denmark and Sweden (7),
the
granting of
the second tranche of compensatory aid
whose operative event falls between 1 July 2000 and 1
August 2000 is not authorised for Sweden.
In the
interest of clarity, in particular as a result of changes in
the value of the Swedish krona, the third tranche of this
compensatory aid for Sweden should be cancelled.

(8)

The measures provided for in this Regulation are in
accordance with the opinions of
the Management
Committees concerned,

HAS ADOPTED THIS REGULATION:

Article 1

1.
The third tranche of compensatory aid for the United
Kingdom provided for by Regulation (EC) No 1612/2000
relating to aid whose operative event falls on 1 July 2000 shall
be cancelled.

2.
The third tranche of compensatory aid for the United
Kingdom provided for by Regulation (EC) No 2293/2000
relating to aid whose operative event falls on 1 August 2000
shall be cancelled.

The second tranche of compensatory aid for the United
3.
Kingdom provided for by Regulation (EC) No 1966/2001
relating to aid whose operative event falls on 1 July 2001 shall
be cancelled.

(6) OJ L 217, 13.8.2002, p. 6.
(7) OJ L 268, 9.10.2001, p. 26.

6.11.2002

EN

Official Journal of the European Communities

L 302/29

Article 2

The third tranche of compensatory aid for Sweden provided for by Regulation (EC) No 1612/2000

1.
relating to aid whose operative event falls on 1 July 2000 shall be cancelled.

The third tranche of compensatory aid for Sweden provided for by Regulation (EC) No 2293/2000

2.
relating to aid whose operative event falls on 1 August 2000 shall be cancelled.

This Regulation shall enter into force on the seventh day following its publication in the Official Journal of
the European Communities.

Article 3

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 5 November 2002.

For the Commission

Franz FISCHLER

Member of the Commission