CELEX: 31992R3387
Language: en
Date: 1992-11-26
Title: Commission Regulation (EEC) No 3387/92 of 25 November 1992 fixing the correcting factor and the coefficient reducing agricultural prices provided for in Article 6 of Council Regulation (EEC) No 1677/85 on monetary compensatory amounts in agriculture

26. 11 . 92                                 Official Journal of the European Communities                         No L 344/27
                                       COMMISSION REGULATION (EEC) No 3387/92
                                                        of 25 November 1992
                   fixing the correcting factor and the coefficient reducing agricultural prices
                   provided for in Article 6 of Council Regulation (EEC) No 1677/85 on monetary
                                               compensatory amounts in agriculture
THE COMMISSION OF THE EUROPEAN COMMUNITIES,                            HAS ADOPTED THIS REGULATION :
Having regard to the Treaty establishing the European
Economic Community,                                                                           Article 1
Having regard to Council Regulation (EEC) No 1677/85
of 11 June 1985 on monetary compensatory amounts in                    The correcting factor provided for in Article 6 (1 ) of
agriculture ('), as last amended by Regulation (EEC)                   Regulation (EEC) No 1677/85 is hereby fixed at 1,195066.
No 2205/90 (2), and in particular Articles 6 ( 1 ) and 12
thereof,
                                                                                              Article 2
Whereas, as a result of the monetary realigment of
22 November 1992, the correcting factor provided for in
Article 6 (1 ) of Regulation (EEC) No 1677/85 must be                  The coefficient provided for in Article 5 of Regulation
altered ;                                                              (EEC) No 3578/88 is hereby fixed at :
Whereas the coefficient reducing agricultural prices                  — 1,007954 for the prices and amounts to which the
provided for in Article 6 (4) of Regulation (EEC)                         coefficient 1,002650 applies in 1992,
No 1677/85 must be fixed in accordance with Article 5                 — 1,010561 for the other prices and amounts concerned.
(2) of Commission Regulation (EEC) No 3578/88 of
 17 November 1988 laying down detailed rules for the
application of the system for the automatic dismantle­                                        Article 3
ment of negative monetary compensatory amounts (3), as
last amended by Regulation (EEC) No 3137/91 (4);                       Regulation (EEC) No 2735/92 is hereby repealed.
Whereas the correcting factor and the coefficient
reducing agricultural prices were fixed by Commission
                                                                                              Article 4
Regulation (EEC) No 2735/92 0 ;
Whereas the measures provided for in this Regulation are              This Regulation shall enter into force on the day of its
in accordance with the opinion of the relevant manage­                publication in the Official Journal of the European
ment committees,                                                       Communities.
                   This Regulation shall be binding in its entirety and directly applicable in all Member
                    States.
                    Done at Brussels, 25 November 1992.
                                                                                For the Commission
                                                                                 Ray MAC SHARRY
                                                                           Member of the Commission
(') OJ No  L   164,  24.  6. 1985, p. 6.
0   OJ No  L   201 , 31 . 7. 1990, p. 9.
0   OJ No  L   312,  18 . 11 . 1988, p. 16.
0   OJ No  L   297,  29.  10. 1991 , p. 17.
(4 OJ No L 277, 22. 9. 1992, p. 18.