Commission Regulation (EC) No 526/94 of 9 March 1994 derogating from Regulation (EEC) No 1858/93 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing in the banana sector

COMMISSION REGULATION (EC) No 526/94 of 9 March 1994 derogating from Regulation (EEC) No 1858/93 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing  in the banana sector
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 404/93 of 13 February 1993 on the common organization of the market in bananas (1), as amended by Commission Regulation (EEC) No 3518/93 (2), and in particular Articles 14 and 30 thereof,
Whereas Commission Regulation (EEC) No 1858/93 (3) introduces detailed rules relating to the grant of advances and, in Article 4 (3), the obligation to lodge a security together with the application for the advance; whereas the amount of the security is  dependent on the level of advances set for a given year; whereas the advances depend on the definitive amount of compensatory aid granted for the marketing of bananas during the preceding year;
Whereas the definitive amount of compensatory aid for the second half of 1993 has not yet been adopted; whereas, therefore, as regards the first application for an advance for 1994 which operators have to submit by 10 March at the latest, a derogation  should be introduced providing that the security may be lodged later but in any case prior to payment of that first advance;
Whereas this Regulation must enter into force on the day of its publication in order to be fully effective;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Bananas,