Council Regulation (EC) No 1267/95 of 29 May 1995 amending Regulation (EEC) No 1332/92 introducing specific measures for table olives

COUNCIL REGULATION (EC) No 1267/95  of 29 May 1995 amending Regulation (EEC) No 1332/92 introducing specific measures for table olives
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 43  thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament  (1),
Whereas Regulation (EEC) No 1332/92  (2) provides for aid, with a financial contribution from the  Community, for the constitution of working capital intended to stabilize supply by ensuring in  particular the financing of storage required for the suitable release to the market of the product;  whereas, for the purposes of granting that aid, the cooperatives and associations thereof in the  sector concerned are to be considered, for a maximum period of three years, as being equivalent to  the producer groups or associations thereof;
Whereas, given the existing situation in the producing Member States, the period of three years has  proven to be insufficient to allow all the cooperatives and associations thereof concerned to  complete transformation into the groups or associations thereof referred to; whereas, as a result,  in order to prevent interruption in the financing of the working capital and to enable the said  transformations to be completed, that time limit should be extended by a year,