CELEX: 31993R0204
Language: en
Date: 1993-02-01 00:00:00
Title: Commission Regulation (EEC) No 204/93 of 31 January 1993 suspending advance fixing of the agricultural conversion rate of the Irish punt

1 . 2. 93                              Official Journal of the European Communities                               No L 24/ 1
                                                              I
                                            (Acts whose publication is obligatory)
                                     COMMISSION REGULATION (EEC) No 204/93
                                                     of 31 January 1993
                   suspending advance fixing of the agricultural conversion rate of the Irish punt
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       the advance fixing of the agricultural conversion rate for a
                                                                  maximum of three working days ;
Having regard to the Treaty establishing the European
Economic Community,                                               Whereas given the present monetary situation following
                                                                  the devaluation of the Irish punt maintenance of the
Having regard to Council Regulation (EEC) No 3813/92              present arrangements is likely to lead to a speculation and
of 28 December 1992 on the unit of account and the
conversion rates to be applied for the purposes of the            disturbance of the markets ; whereas advance fixing of the
                                                                  agricultural conversion rate of the Irish punt should
common agricultural policy ('),                                   therefore be suspended,
Having regard to Council Regulation (EEC) No 3819/92
of 28 December 1992 on detailed rules for determining
                                                                  HAS ADOPTED THIS REGULATION :
and applying the agricultural conversion rates (2), and in
particular Article 12 (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 concerning the advance fixing of the agricultural           Irish punt is suspended for applications lodged between 1
conversion rate or where such difficulties are liable to          and 3 February 1993 .
arise, a decision may be taken to suspend the application
of these rules ; whereas in extremely urgent cases the                                     Article 2
Commission may, after a review of the situation on the
basis of all the available information, decide to suspend         This Regulation shall enter into force on 1 February 1993.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 31 January 1993.
                                                                            For the Commission
                                                                              Rene STEICHEN
                                                                       Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 .
0 OJ No L 387, 31 . 12. 1992, p. 17.