Commission Regulation (EEC) No 2147/92 of 29 July 1992 cancelling monetary compensatory amounts fixed in advance in respect of operations carried out after 31 December 1992

COMMISSION REGULATION (EEC) No 2147/92  of 29 July 1992  cancelling monetary compensatory amounts fixed in advance in respect of operations carried out after 31 December 1992
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture (1), as last amended by Regulation (EEC) No 2205/90 (2), and in particular Article 12 thereof,
Whereas Article 5 of Commission Regulation (EEC) No 3155/85 of 11 November 1985 providing for the advance fixing of monetary compensatory amounts (3), as last amended by Regulation (EEC) No 3247/89 (4), stipulates that the amount fixed in advance is to  apply to operations carried out during the term of validity of the certificate; whereas the Commission has submitted a regulation to the Council on the unit of account and the conversion rates to be applied for the purposes of the common agricultural  policy providing for the discontinuation of the system of monetary compensatory amounts from 1 January 1993; whereas, in order to curtail unnecessary expenditure, monetary compensatory amounts fixed in advance in respect of imports and exports to be  carried out from 1 January 1993 should be cancelled;
Whereas the measures provided for in this Regulation are in accordance with the opinion of all the Management Committees concerned,