IN THAT THE ELEMENTS USED IN THE CALCULATION OF THOSE AMOUNTS , DETERMINED IN MANY CASES ON THE BASIS OF PRICES RULING ON INTERNATIONAL MARKETS , ARE AFFECTED BY THE ALTERATION IN QUESTION OR BY THE RESULTS WHICH IT PRODUCES ON THE MARKET ;
WHEREAS , BECAUSE OF THE ADVANCE FIXING OF CERTAIN OF THE AMOUNTS REFERRED TO ABOVE , THE PROPER FUNCTIONING FROM AN ECONOMIC AND FINANCIAL POINT OF VIEW OF THE COMMON MARKET ORGANISATIONS OR THE SPECIAL SYSTEMS REFERRED TO ABOVE MIGHT BE ENDANGERED IF THE TRANSACTIONS TO WHICH SUCH AMOUNTS APPLY ARE CARRIED OUT AFTER AN ALTERATION IN THE VALUE OF THE UNIT OF ACCOUNT OR OF THE CURRENCY OF A THIRD COUNTRY ; WHEREAS SUCH A DANGER MAY BE AVOIDED BY ADJUSTING THOSE AMOUNTS ; WHEREAS SUCH AN ADJUSTMENT MUST NOT PREJUDICE PERSONS WHO HAVE OBTAINED AN ADVANCE FIXING OF SUCH AMOUNTS AND WHEREAS THEY SHOULD THEREFORE BE ALLOWED TO CANCEL THAT FIXING ;
WHEREAS , FOR THE SAME REASON , IT MAY PROVE NECESSARY TO SUSPEND THE ADVANCE FIXING OF THE AMOUNTS IN QUESTION DURING A PERIOD IN WHICH THE MARKET SITUATION IS AFFECTED BY THOSE ALTERATIONS OR BY THE FACT THAT THE VALUE OF THE UNIT OF ACCOUNT HAS BEEN SUSPENDED PURSUANT TO ARTICLE 4 OF REGULATION ( EEC ) N 653/68 ;
WHEREAS CERTAIN AMOUNTS DETERMINED UNDER THE PROVISIONS ON THE COMMON AGRICULTURAL POLICY OR THE SPECIAL TRADE SYSTEMS ARISING THEREFROM AND FIXED IN UNITS OF ACCOUNT ARE EXPRESSED IN NATIONAL CURRENCIES IN THE MEMBER STATES ; WHEREAS RULES MUST THEREFORE BE LAID DOWN WHICH , IN THE CASE OF AN ALTERATION IN THE PARITY OF THE CURRENCY OF A MEMBER STATE ACCOMPANIED BY AN ALTERATION IN THE RELATIONSHIP BETWEEN THAT CURRENCY AND THE VALUE OF THE UNIT OF ACCOUNT , WILL ENSURE THAT THE MEMBER STATE CONCERNED ADJUSTS TO THE NEW RELATIONSHIP THOSE AMOUNTS WHICH BEFORE THE ALTERATION IN QUESTION WERE THE SUBJECT OF ADVANCE FIXING OR OF A PRIVATE AGREEMENT FOR A TRANSACTION STILL TO BE CARRIED OUT ; WHEREAS SUCH ADJUSTMENT MUST , IF NECESSARY , BE MADE AFTER THE AMOUNTS FIXED IN UNTIS OF ACCOUNT HAVE BEEN ADJUSTED TO THE NEW MARKET SITUATION ;
WHEREAS , MOREOVER , RULES MUST BE LAID DOWN TO ENSURE THAT , IN THE CASE OF AN ALTERATION EITHER OF THE VALUE OF THE UNIT OF ACCOUNT OR OF THE PARITY OF THE CURRENCY OF A MEMBER STATE , SETTLEMENT IN NATIONAL CURRENCY OF AMOUNTS DUE IN RESPECT OF TRANSACTIONS CARRIED OUT PRIOR TO THAT ALTERATION IS MADE IN TERMS OF THE RELATIONSHIP BETWEEN THAT CURRENCY AND THE UNIT OF ACCOUNT AT THE TIME WHEN THE TRANSACTION WAS CARRIED OUT , SO THAT COMMUNITY PROVISIONS INVOLVING THE AMOUNTS EXPRESSED IN UNITS OF ACCOUNT AND APPLYING TO OBLIGATIONS ARISING FROM SUCH TRANSACTIONS ARE DULY OBSERVED ; WHEREAS , FINALLY , IT IS NECESSARY FOR THE PURPOSES OF THIS REGULATION TO DEFINE THE MOMENT WHEN A TRANSACTION IS CONSIDERED TO BE CARRIED OUT ;
HAS ADOPTED