CELEX: 51995PC0066
Language: en
Date: 1995-03-08
Title: Proposal for a Council REGULATION (EC) amending Council Regulation (EEC) No 1332/92 introducing specific measures for table olives

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51995PC0066

Proposal for a Council REGULATION (EC) amending Council Regulation (EEC) No 1332/92 introducing specific measures for table olives  /* COM/95/66FINAL - CNS 95/0067 */  

Official Journal C 082 , 04/04/1995 P. 0008

Proposal for a Council Regulation (EC) amending Regulation (EEC) No 1332/92 introducing specific  measures for table olives(95/C  82/08)COM(95) 66 final - 95/0067(CNS)(Submitted by the  Commission on 9 March 1995)THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, and in particular Article 43  thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the European Parliament, Whereas Council Regulation (EEC) No 1332/92  (1) provides for aid, with a financial contribution  from the Community, for the constitution of working capital intended to stabilize supply by  ensuring in particular the financing of storage required for the suitable release to the market of  the product; whereas, for the purposes of granting that aid, the cooperatives and associations  thereof in the sector concerned are to be considered, for a maximum period of three years, as being  equivalent to the producer groups or associations thereof; Whereas, given the existing situation in the producing Member States, the period of three years has  proven to be insufficient to allow all the cooperatives and associations thereof concerned to  complete transformation into the groups or associations thereof referred to; whereas, as a result,  in order to prevent interruption in the financing of the working capital and to enable the said  transformations to be completed, that time limit should be extended by an additional year, HAS ADOPTED THIS REGULATION: Article 1 In Article 3 (3) of Regulation (EEC) No 1332/92, 'three years` is  hereby replaced by 'four years`. Article 2 This Regulation shall enter into force on the third day following its publication in  the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all  Member States. (1) OJ No L 154, 27. 5. 1992, p. 1.