CELEX: 31993R1652
Language: en
Date: 1993-06-29
Title: Commission Regulation (EEC) No 1652/93 of 28 June 1993 suspending advance fixing of the agricultural conversion rate of the Irish punt

No L 157/48                             Official Journal of the European Communities                                29. 6. 93
                                    COMMISSION REGULATION (EEC) No 1652/93
                                                       of 28 June 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, mainte­
Having regard to Council Regulation (EEC) No 3813/92              nance of the present arrangements is likely to lead to a
of 28 December 1992 on the unit of account and the                speculation concerning the Irish punt and disturbance of
conversion rates to be applied for the purposes of the            the markets ; whereas advance fixing of the agricultural
common agricultural policy ('),                                   conversion rate of the Irish punt should therefore be
                                                                  urgently 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 (2), 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 concerning the advance fixing of the agricultural           Irish punt is suspended for applications lodged between
conversion rate or where such difficulties are liable to          29 and 30 June 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 29 June 1993.
                  This Regulation shall be binding in its entirety and directly applicable in all Member
                  States.
                  Done at Brussels, 28 June 1993.
                                                                           For the Commission
                                                                             Rene STEICHEN
                                                                       Member of the Commission
0 OJ No L 387, 31 . 12. 1992, p. 1 .
0 OJ No L 108, 1 . 5. 1993, p. 106.