CELEX: 31992R2707
Language: en
Date: 1992-09-18 00:00:00
Title: Commission Regulation (EEC) No 2707/92 of 17 September 1992 suspending advance fixing of the export refunds on products processed from cereals and rice

18 . 9. 92                               Official Journal of the European Communities                            No L 275/ 1
                                                                I
                                              (Acts whose publication is obligatory)
                                     COMMISSION REGULATION (EEC) No 2707/92
                                                     of 17 September 1992
                 suspending advance fixing of the export refunds on products processed from
                                                        cereals and rice
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                         danger that the continuation of the present system could
                                                                    give rise to speculative operations ; whereas the advance
                                                                    fixing of the export refunds on products processed from
                                                                    cereals and rice should therefore be suspended ;
Having regard to the Treaty establishing the European
Economic Community,
                                                                    Whereas the above situation requires that application of
                                                                    the provisions concerning advance fixing of refunds for
                                                                    the products concerned be temporarily suspended ;
Having regard to Council Regulation (EEC) No 2727/75
of 29 October 1975 on the common organization of the                Whereas the measures provided for in this Regulation are
market in cereals ('), as last amended by Regulation (EEC)          in accordance with the opinion of the Management
No 1738/92 (2), and in particular the first subparagraph of         Committee for Cereals,
Article 16 (7) thereof,
Having regard to Council Regulation (EEC) No 1418/76                HAS ADOPTED THIS REGULATION :
of 21 June 1976 on the common organization of the
market in rice (3), as last amended by Regulation (EEC)
No 674/92 (4), and in particular the first paragraph of
Article 17 (7) thereof,
                                                                                             Article 1
Whereas Article 16 (7) of Regulation (EEC) No 2727/75
provides that the provisions concerning advance fixing of           Advance fixing of the export refunds on the products
the refund may be suspended if the market situation                 referred to in Article 1 (d) of Regulation (EEC)
shows that the application of these provisions is causing           No 2727/75 and in Article 1 ( 1 ) (c) of Regulation (EEC)
or is likely to cause difficulties ;                                No 1418/76 is hereby suspended from 18 September until
                                                                    24 September 1992.
Whereas, in view of the monetary situation and the
                                                                                             Article 2
uncertainty reigning on the exchange markets, there is a
0   OJ  No L 281 , 1 . 11 . 1975, p. 1 .
(2) OJ  No L  180, 1 . 7. 1992, p. 1 .
(3) OJ  No L  166, 25. 6. 1976, p. 1 .                              This Regulation shall enter into force on 18 September
(4) OJ  No L 73, 19. 3. 1992, p. 7.                                 1992.
 ---pagebreak--- No L 275/2                    Official Journal of the European Communities                        18 . 9. 92
           This Regulation shall be binding in its entirety and directly applicable in all Member
           States.
           Done at Brussels, 17 September 1992.
                                                                  For the Commission
                                                                   Ray MAC SHARRY
                                                              Member of the Commission