CELEX: 31972R2243
Language: en
Date: 1972-10-23 00:00:00
Title: Regulation (EEC) No 2243/72 of the Commission of 23 October 1972 amending Regulation (EEC) No 1468/71 laying down conditions for granting financial compensation in respect of certain fishery products

14                                   Official Journal of the European Communities
No L 241 /8                          Official Journal of the European Communities                              24.10.72
                           REGULATION (EEC) No 2243/72 OF THE COMMISSION
                                                   of 23 October 1972
              amending Regulation (EEC) No 1468/71 laying down conditions for granting financial
                                   compensation in respect of certain fishery products
THE    COMMISSION       OF     THE   EUROPEAN       COM­            the end of -this period of validity of the price
MUNITIES,                                                           referred to in Article 1 ( 1 ) (b).
Having regard to the Treaty establishing the                        2.    On request, the compensation or a part
European Economic Community;                                        thereof shall be paid in advance in respect of
Having regard to Council Regulation ( EEC) No                       quantities withdrawn from the market on
2142/70    of 20    October     1970   on   the  common             condition that the provisions of Article 1 have
organization of the market in fishery products,1 and                been complied with during the period in question
in particular Article 10 (5 ) thereof;                              and that the applicant lodges a deposit equal to
                                                                    the amount of the advance .
Whereas Commission Regulation (EEC) No 1468/71
laying down conditions for granting financial                       The deposit shall take the form of a guarantee by
compensation in respect of certain fishery products                 an establishment complying with criteria laid
specifies the conditions under which this                           down by the Member State making the advance.
compensation is to be granted; whereas detailed rules
for granting this compensation should be defined and                Member States shall notify the Commission of the
provision made in particular for the possibility, under             categories of institution authorized to provide
certain conditions, of paying all or part of the                    guarantees . The Commission shall pass this
compensation in advance in respect of quantities                    information to the other Member States .
withdrawn from the market before the end of the
                                                                    3.    The deposit shall be released once
period of validity of the Community withdrawal
                                                                    entitlement to financial compensation has been
price;
                                                                    definitely established pursuant to Article 1 .
Whereas,     the measures provided for in             this
Regulation are in accordance with the Opinion of the                If, despite a request to that effect, the amount
Management Committee for Fishery products ;                         advanced is not repaid or is only partially repaid,
                                                                    the deposit shall be retained in its entirety or in
HAS ADOPTED THIS REGULATION :                                       proportion to the amount of the advance which
                        Article 1                                   has not been repaid, as the case may be.'
The following Article la shall be inserted in
Regulation (EEC) No 1468/71 :                                                             Article 2
    'Article la                                                 This Regulation shall enter into force on the third
    1 . Financial compensation shall be paid to                 day following its publication in the Official Journal
    producers' organizations, at their request, after           of the European Communities.
               This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 23 October 1972.
                                                                                    For the Commission
                                                                                         The President
                                                                                      S. L. MANSHOLT