SECURITIES, AS CREATED BY THE CONTESTED REGULATIONS, IS AN INTEGRAL PART OF THE STM, SINCE THE STM CANNOT OPERATE WITHOUT RELIABLE AND UP-TO-DATE INFORMATION . FURTHERMORE, ACCOUNT MUST BE TAKEN OF THE BROAD DISCRETION ENJOYED BY COMMUNITY INSTITUTIONS IN MATTERS CONCERNING THE COMMON AGRICULTURAL POLICY, BY VIRTUE OF THE RESPONSIBILITIES CONFERRED ON THEM IN THAT REGARD BY THE EEC TREATY .
15 AS THE DEFENDANT INSTITUTIONS RIGHTLY CONTEND, THE COURT SHOULD FIRST CONSIDER WHETHER THE SYSTEM OF LICENCES AND SECURITIES, WHICH THE APPLICANT CHALLENGES, IS AN INTEGRAL PART OF THE TRANSITIONAL MEASURES UNDER THE ACT OF ACCESSION . IF SO, THE SCHEME CANNOT BE FUNDAMENTALLY CRITICIZED AS BEING CONTRARY TO THE PROVISIONS CONTAINED IN THE EEC TREATY AND IN THE ACT OF ACCESSION ON THE FREE MOVEMENT OF GOODS .
16 ACCORDING TO ARTICLES 81, 83 AND 85 OF THE ACT OF ACCESSION, THE APPLICATION OF THE STM CONSISTS OF THREE ELEMENTS, NAMELY THE FIXING OF INDICATIVE IMPORT CEILINGS, THE MONITORING OF DEVELOPMENTS IN TRADE BETWEEN THE ACCEDING STATES AND THE COMMUNITY OF TEN, AND ( WHERE APPROPRIATE ) THE INTRODUCTION OF INTERIM PROTECTIVE MEASURES OR DEFINITIVE MEASURES ON TRADE . TOGETHER, THOSE THREE ELEMENTS MUST, IN ACCORDANCE WITH ARTICLE 83*(2 ), ENSURE A GRADUAL TRANSITION TO THE FULL REALIZATION OF THE FREE MOVEMENT OF GOODS ON THE EXPIRY OF THE PERIOD OF APPLICATION OF THE STM .
17 IN ORDER TO ENABLE THE STM TO PLAY THE ROLE ASSIGNED TO IT BY THE ACT OF ACCESSION, THE MONITORING OF DEVELOPMENTS IN TRADE MUST ENABLE THE COMMISSION TO TAKE ACTION IN GOOD TIME AND IN FULL KNOWLEDGE OF THE FACTS . IT FOLLOWS THAT THE COMMISSION MUST BE RELIABLY AND RAPIDLY INFORMED ABOUT TRADE FLOWS . THE MARKETS FOR THE PRODUCTS SUBJECT TO THE STM ARE, AS INDEED THE APPLICANT CONCEDES, SUSCEPTIBLE TO SUDDEN FLUCTUATIONS .
18 IN THAT CONNECTION, THE COUNCIL AND THE COMMISSION HAVE ARGUED THAT THE STATISTICS REACHING THE COMMISSION ARE CONSIDERABLY DELAYED AND THAT A SYSTEM WHEREBY IMPORTATIONS ARE MERELY DECLARED AFTER THE EVENT CANNOT, UNLESS SOME GUARANTEE AS TO ITS APPLICATION IS GIVEN, AFFORD THE REQUISITE DEGREE OF CERTAINTY . ACCORDING TO THE COUNCIL, THE EXPERIENCE OF THE COMMUNITY HAS SHOWN THAT THE ONLY WAY TO MAKE A MONITORING SYSTEM BASED ON LICENCES OPERATE PROPERLY IS TO DEMAND SECURITIES TO ACCOMPANY THEM .
19 THOSE ARGUMENTS OF THE DEFENDANT INSTITUTIONS MUST BE UPHELD . IT HAS NOT BEEN DEMONSTRATED THAT THE SYSTEM OF PROVIDING SECURITIES HAS ANY AIM OTHER THAN TO ENSURE THAT THE IMPORTS FOR WHICH THE LICENCES HAVE BEEN REQUESTED ARE GENUINE, AND THAT IS SOMETHING OF WHICH THE COMMUNITY AUTHORITIES NEED TO BE SURE IN ORDER TO BE ABLE TO MONITOR DEVELOPMENTS IN TRADE ON THE BASIS OF RELIABLE, RAPID INFORMATION .
20 IT FOLLOWS THAT THE SYSTEM OF LICENCES ACCOMPANIED BY SECURITIES, WHICH THE APPLICANT HAS CHALLENGED, MUST BE REGARDED AS AN INTEGRAL PART OF THE TRANSITIONAL MEASURES PROVIDED FOR BY THE ACT OF ACCESSION .
21 THAT CONCLUSION DOES NOT