Commission Regulation (EC) No 961/98 of 7 May 1998 amending Regulation (EEC) No 1068/93 on detailed rules for determining and applying the agricultural conversion rates

COMMISSION REGULATION (EC) No 961/98 of 7 May 1998 amending Regulation (EEC) No 1068/93 on detailed rules for determining and applying the agricultural conversion rates
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (1), as last amended by Regulation (EC) No 150/95 (2), and in particular Article 6(2a) and Article 12 thereof,
Whereas Article 13(3) of Commission Regulation (EEC) No 1068/93 (3), as last amended by Regulation (EC) No 1482/96 (4), provides that where the agricultural conversion rate is fixed in advance, the relevant certificate is only valid in a single Member State; whereas the limitation on the validity of certificates fixing the agricultural conversion rate in advance to the territory of a single Member State constitutes a derogation from the general rule whereby certificates are valid and can be used throughout the Community; whereas that limitation on the validity of certificates to a single Member State was introduced to prevent risks of speculation following the fixing in advance of the agricultural conversion rate;
Whereas it transpires that the objective can be achieved by less restrictive measures than those laid down by the arrangements in force; whereas the limitation of the validity of certificates fixing the agricultural conversion rate in advance to the territory of a single Member State should therefore be lifted and provision should be made at the same time for suitable measures to prevent speculation;
Whereas Article 14 of Regulation (EEC) No 1068/93 lays down the indications to be entered in certificate applications and in certificates relating to the limitation of the validity of certificates fixing the agricultural conversion rate in advance; whereas those indications should be deleted;
Whereas the measures provided for in this Regulation are in accordance with the opinions of the Management Committees concerned,