CELEX: 31990R1247
Language: en
Date: 1990-05-12 00:00:00
Title: Commission Regulation (EEC) No 1247/90 of 11 May 1990 on transitional measures concerning the application of certain monetary compensatory amounts

No L 121 /22                            Official Journal of the European Communities                              12. 5. 90
                                   COMMISSION REGULATION (EEC) No 1247/90
                                                        of 11 May 1990
                  on transitional measures concerning the application of certain monetary
                                                   compensatory amounts
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                       of the specific conditions governing the marketing of
                                                                  such products ;
Having regard to the Treaty establishing the European
Economic Community,                                               Whereas the measures provided for in this Regulation are
                                                                  in accordance with the opinion of the relevant manage­
Having regard to Commission Regulation (EEC) No                   ment committees,
3156/85 of 11 November 1985 on transitional measures
concerning the application of monetary compensatory               HAS ADOPTED THIS REGULATION :
amounts ('), as amended by Regulation (EEC)
No 3521 /88 (2), and in particular Article 11 thereof,                                     Article 1
Whereas Regulation (EEC) No 3156/85 lays down a                   Regulation (EEC) No 3156/85 shall apply from 14 May
framework for measures intended to prevent artificial              1990 under the following conditions :
traffic at the time of changes in the monetary compensa­          (a) the date of the changes shall be 14 May 1990 ;
tory amounts ;
                                                                  (b) the initial date shall be 1 April 1990 ;
Whereas Council Regulation (EEC) No 1 179/90 (3) fixes            (c) the products and the periods indicated in Annex I to
the new agricultural conversion rates taking effect at the             Regulation (EEC) No 3156/85 shall be those indi­
beginning of the 1990/91 marketing year for milk and                   cated in Annex I hereto ;
milk products and for beef and veal ;                             (d) application of Annex II to Regulation (EEC) No
Whereas those new rates have resulted in a considerable               3156/85 shall be extended to Part A thereof ; the
change in the scale of monetary compensatory amounts                  movements and the products affected shall be those
                                                                       indicated in Annex II hereto.
applicable in particular in Greece and the United
Kingdom ;                                                         However, where the market rate used for the calculation
Whereas, in view of this situation, speculative movements         of the monetary compensatory amounts referred to in
are likely to occur and deflect trade ; whereas, however,         Article 3a of Regulation (EEC) No 3152/85 (4) is more,
the trend in the market rate used for the calculation of          during at least three consecutive weeks, than :
the MCAs may substantially reduce such risks of deflec­           ECU 1 »         £ 0,889146
tion ; whereas the application of the transitional measures       ECU 1 = Dr 253,939
should accordingly be suspended where the monetary                     Regulation (EEC) No 3156/85 shall no longer apply to
gaps applicable remain within certain limits ;                    the milk and milk products sector and the Member State
Whereas, in order to prevent such deflections, for                concerned from the Monday following the said three-
products likely to be subject to such speculation, provi­         week period.
sion should be made for the monetary compensatory                                          Article 2
amounts applicable to the products concerned before
those new rates are fixed to remain applicable for a              This Regulation shall enter into force on the day of its
limited period beyond that date ; whereas the dates and           publication in the Official Journal of the European
the products in question must be determined in the light           Communities.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 11 May 1990.
                                                                            For the Commission
                                                                              Ray MAC SHARRY
                                                                        Member of the Commission
O OJ No L 310, 21 . 11 . 1985, p. 27.
(2) OJ No L 307, 12. 11 . 1988, p. 28 .
O OJ No L 119, 11 . 5. 1990, p. 1 .                               O OJ No L 310, 21 . 11 . 1985, p. 1 .
 ---pagebreak--- 12. 5. 90                         Official Journal of the European Communities                                 No L 121 /23
                                                         ANNEX I
                                      Products concerned                                        Applicable
                                          (CN code)                                                until
          A. Milk and milk products :
             0402
             0403
             0404 90
                                                                                          14 October 1990
             0405
             0406
             2309 Of a milk products content by weight of not less than 50 %        r
          B. Beef and veal :
             0201                                                                         23 May 1990
                                                                                      '
             0202
             1602 50 10                                                                 ► 17 June 1990
             1602 90 61
                                                         ANNEX II
                                                            A
                   1                                 2                                           3
          Exports from           Products concerned                         Destinations
          Greece                 Products listed in Annex I                 To the other Member States and third
          United Kingdom                                                    countries