CELEX: 31995R1426
Language: en
Date: 1995-06-23 00:00:00
Title: COMMISSION REGULATION (EC) No 1426/95 of 23 June 1995 suspending advance fixing of the agricultural conversion rate of certain currencies

No L 141 /24        I EN I              Official Journal of the European Communities                                 24. 6. 95
                                      COMMISSION REGULATION (EC) No 1426/95
                                                        of 23 June 1995
                   suspending advance fixing of the agricultural conversion rate of certain
                                                            currencies
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                        whereas given the present monetary situation, mainte­
 Having regard to the Treaty establishing the European              nance of the present arrangements is likely to lead to a
 Community,
                                                                    speculation concerning the Belgian franc, the Luxem­
                                                                    bourg franc, the Danish kroner, the German mark, the
 Having regard to Council Regulation (EEC) No 3813/92               Dutch guilder, the Austrian schilling, the Italian lire and
 of 28 December 1992 on the unit of account and the                 the Spanish peseta and disturbance of the markets ;
 conversion rates to be applied for the purposes of the             whereas advance fixing of the agricultural conversion rate
 common agricultural policy ('), as last amended by Regu­           of these currencies should therefore be urgently
 lation (EC) No 150/95 (2),                                         suspended,
 Having regard to Council Regulation (EEC) No 1068/93
 of 30 April 1993 on detailed rules for determining and
                                                                    HAS ADOPTED THIS REGULATION :
 applying the agricultural conversion rates (3), as last
 amended by Regulation (EC) No 1053/95 (4), and in parti­
 cular Article 16 (2) thereof,                                                                Article 1
 Whereas, where a review of the monetary or market situa­
 tion reveals difficulties arising form the application of the      Advance fixing of the agricultural conversion rate of the
 rules concernng the advance fixing of the agricultural             Belgian franc, the Luxembourg franc, the Danish kroner,
 conversion rate or where such difficulties are liable to           the German mark, the Dutch guilder, the Austrian schil­
 arise, a decision may be taken to suspend the application          ling, the Italian lire and the Spanish peseta is suspended
 of these rules ; whereas in extremely urgent cases the             for applications lodged between 26 and 28 June 1995.
 Commission may, after a review of the situation on the
 basis of all the available information, decide to suspend                                    Article 2
 the advance fixing of the agricultural conversion rate for a
 maximum of three working days ;                                    This Regulation shall enter into force on 24 June 1995.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                   States .
                   Done at Brussels, 23 June 1995.
                                                                             For the Commission
                                                                                Franz FISCHLER
                                                                         Member of the Commission
(■) OJ No L 387, 31 . 12. 1992, p. 1 .
(J) OJ No L 22, 31 . 1 . 1995, p. 1 .
0 OJ No L 108, 1 . 5. 1993, p. 106.
(4) OJ No L 107, 12. 5. 1995, p. 4.