Commission Regulation (EC) No 1481/96 of 26 July 1996 amending Regulation (EC) No 2921/95 laying down detailed rules for compensation for reductions in certain agricultural conversion rates

COMMISSION REGULATION (EC) No 1481/96 of 26 July 1996 amending Regulation (EC) No 2921/95 laying down detailed rules for compensation for reductions in certain agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EC) No 2990/95 of 18 December 1995 regulating compensation for appreciable reductions in the agricultural conversion rates before 1 July 1996 (1), as last amended by Regulation (EC) No 1451/96 (2), and in particular Article 2 (4) thereof,
Whereas the time limits laid down by Commission Regulation (EC) No 2921/95 (3), as amended by Regulation (EC) No 459/96 (4), must take account of the extension of the validity of Regulation (EC) No 2990/95 beyond 30 June 1996; whereas the operative event for the conversion rate applicable to the amount of aid, referred to in Article 2 (2) of Regulation (EC) No 2921/95 and established on the basis of the economic objective of the operation concerned, must consequently be adjusted to take account of cases of several appreciable reductions in the agricultural conversion rates of a currency;
Whereas the measures provided for in Regulation are in accordance with the opinion of the management committees concerned,