Commission Regulation (EEC) No 1013/86 of 8 April 1986 amending Regulation (EEC) No 1677/85 as regards the fixing of the correcting factor to be used to calculate the monetary compensatory amounts applicable for certain agricultural products

COMMISSION  REGULATION (EEC) No 1013/86
of 8 April 1986
amending Regulation (EEC) No 1677/85 as regards the fixing of the correcting factor to be used to calculate the monetary compensatory amounts applicable for certain agricultural products
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), and in particular Article 6 (3) thereof,
Whereas Article 6 (3) of Regulation (EEC) No 1677/85 provides that a correcting factor fixed at 1,033651 is to be applied for the purposes of calculating the monetary compensatory amounts; whereas Commission Regulation (EEC) No 2055/85 (2) fixed this coefficient at 1,035239; whereas, as provided for in the last subparagraph of the said paragraph, this factor must be altered whenever parities are realigned within the European Monetary System, on the basis of the revaluation of the central rate of that currency among the currencies maintained among themselves within a maximum spread at any given time of 2,25 %, the revaluation of which vis-Ă -vis the ECU is the highest;
Whereas a realignment of central rates under the European Monetary System has occured with effect from 7 April 1986;
Whereas the greatest revaluation against the ECU is 4,679 %, whereas the correcting factor should be adjusted accordingly;
Whereas the mesaures provided for in this Regulation are in accordance with the opinion of the relevant Management Committees,