Commission Regulation (EC) No 2813/98 of 22 December 1998 laying down detailed rules for applying the transitional measures for the introduction of the euro to the common agricultural policy

COMMISSION REGULATION (EC) No 2813/98 of 22 December 1998 laying down detailed rules for applying the transitional measures for the introduction of the euro to the common agricultural policy
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 2799/98 of 15 December 1998 establishing agrimonetary arrangements for the euro (1), and in particular Article 10 thereof,
Having regard to Council Regulation (EC) No 2800/98 of 15 December 1998 on the transitional measures for the introduction of the euro to the common agricultural policy (2), and in particular Article 4 thereof,
Whereas Regulation (EC) No 2800/98 allows Member States to grant compensation to farmers who have suffered the effects of an appreciable revaluation; whereas part of that compensation is specifically to offset certain actual reductions in direct aid; whereas that Regulation lays down certain conditions for granting compensation and its phasing over time, and indicates the method for determining the maximum amount that may be allocated by a Member State; whereas the compensation concerned is financed entirely or in part by the Community budget;
Whereas it is necessary to define the operative event that determines the exchange rate used to convert amounts expressed in euros; whereas, to facilitate financial management, the payment of more than one annual instalment of compensation in the same budget year should be avoided; whereas, to take account of the European Community's international commitments, and in the interests of administrative transparency, the procedures to be followed by Member States wishing to grant compensation should be laid down;
Whereas, in order to fulfil its purpose, the compensation must be granted directly to the beneficiaries, in principle farmers, within a fixed period and for amounts not exceeding the income losses concerned; whereas, however, to avoid administrative complications arising from the grant of small amounts to beneficiaries, simplified procedures may be used in certain cases;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the management committees concerned,