CELEX: 31993R2496
Language: en
Date: 1993-09-09 00:00:00
Title: Commission Regulation (EEC) No 2496/93 of 9 September 1993 laying down special provisions, to apply during September 1993, in respect of the reference periods which trigger certain adjustments of the agricultural conversion rate

10 . 9 . 93                           Official Journal of the European Communities                          No L 229/ 17
                                   COMMISSION REGULATION (EEC) No 2496/93
                                                     of 9 September 1993
                  laying down special provisions, to apply during September 1993 , in respect of the
                  reference periods which trigger certain adjustments of the agricultural
                                                        conversion rate
 THE COMMISSION OF THE EUROPEAN COMMUNITIES,                      tioning of the agricultural markets and, in certain situa­
                                                                  tions, producers' income ; whereas, in order to avoid such
 Having regard to the Treaty establishing the European            consequences, the reference period should therefore be
 Economic Community,
                                                                  temporarily redefined ;
 Having regard to Council Regulation (EEC) No 3813/92
 of 28 December 1992 on the unit of account and the               Whereas the present monetary situation requires this
 conversion rates to be applied for the purposes of the           Regulation to be implemented forthwith ;
 common agricultural policy ('), and in particular Article 1      Whereas the Management Committees concerned have
 (d) and Article 12 thereof,                                      expressed no opinion on the measures in question,
 Whereas Article 2 of Commission Regulation (EEC)
 No 1068/93 of 30 April 1993 on detailed rules for deter­
 mining and applying the agricultural conversion rates (2)        HAS ADOPTED THIS REGULATION :
 lays down the reference periods during the exchange rates
 are calculated, with a view to adjusting in accordance with                               Article 1
 the automatic rules specified in Article 4 of Regulation
 (EEC) No 3813/92 the representative market rates for             If the exchange rates calculated for a floating currency
 floating currencies and, where applicable, their agricul­        during a reference period determined in accordance with
 tural conversion rates ;                                         Article 2 of Regulation (EEC) No 1068/93 result,
                                                                  during September 1993, in an adjustment of the agricul­
 Whereas the present monetary situation is characterized          tural conversion rate, the reference period adopted shall
 by speculative movements ; whereas, in the case of certain       be that previously in force.
 currencies, sizeable movements in different directions
 have occurred over relatively short periods ;
                                                                                           Article 2
Whereas, following the monetary events of 2 August
 1993, erratic monetary movements could result in                 This Regulation shall enter into force on the day of its
 frequent changes in the agricultural conversion rate ;           publication in the Official Journal of the European
whereas such changes may adversely affect the func­               Communities.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 9 September 1993.
                                                                           For the Commission
                                                                             Rene STEICHEN
                                                                       Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
0 OJ No L 108, 1 . 5. 1993, p. 106.