Article 1 
1. Annual aid shall be granted for a transitional period to cephalopod producers permanently based in the Canary Islands. 2. The aid referred to in paragraph 1 shall be ECU 108 per tonne for a maximum quantity of 30 000 tonnes per year and may not exceed an amount equivalent to 2,5 % of the annual production value. 3. The transitional period for granting the aid provided for in paragraph 1 shall begin on 1 January 1996 and end on 31 December 1997. The duration and amount of this aid may be reduced in accordance with the procedure referred to in Article 2 if the factors justifying the granting of the aid referred to in paragraph 1 change. Article 2 The detailed rules for the implementation of Article 1 shall be laid down in accordance with the procedure set out in Article 32 of Regulation (EEC) No 3759/92. Article 3 The specific measure provided for in this Regulation shall be regarded as intervention intended to stabilize the agricultural markets within the meaning of Article 3 of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (7). It shall be financed by the Guarantee Section of the European Agricultural Guidance and Guarantee Fund. Article 4 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 January 1996. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 22 April 1997. For the Council The President J. VAN AARTSEN (1) OJ No C 373, 10. 12. 1996, p. 10. (2) OJ No C 115, 14. 4. 1997. (3) OJ No C 75, 10. 3. 1997. (4) OJ No L 171, 29. 6. 1991, p. 1. (5) OJ No L 158, 30. 6. 1993, p. 9. (6) OJ No L 388, 31. 1. 1992, p. 1. Regulation as last amended by Regulation (EC) No 3318/94 (OJ No L 350, 31. 12. 1994, p. 15). (7) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EC) No 1287/95 (OJ No L 125, 8. 6. 1995, p. 1).
Article 2 
The detailed rules for the implementation of Article 1 shall be laid down in accordance with the procedure set out in Article 32 of Regulation (EEC) No 3759/92. Article 3 The specific measure provided for in this Regulation shall be regarded as intervention intended to stabilize the agricultural markets within the meaning of Article 3 of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (7). It shall be financed by the Guarantee Section of the European Agricultural Guidance and Guarantee Fund. Article 4 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 January 1996. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 22 April 1997. For the Council The President J. VAN AARTSEN (1) OJ No C 373, 10. 12. 1996, p. 10. (2) OJ No C 115, 14. 4. 1997. (3) OJ No C 75, 10. 3. 1997. (4) OJ No L 171, 29. 6. 1991, p. 1. (5) OJ No L 158, 30. 6. 1993, p. 9. (6) OJ No L 388, 31. 1. 1992, p. 1. Regulation as last amended by Regulation (EC) No 3318/94 (OJ No L 350, 31. 12. 1994, p. 15). (7) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EC) No 1287/95 (OJ No L 125, 8. 6. 1995, p. 1).
Article 3 
The specific measure provided for in this Regulation shall be regarded as intervention intended to stabilize the agricultural markets within the meaning of Article 3 of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (7). It shall be financed by the Guarantee Section of the European Agricultural Guidance and Guarantee Fund. Article 4 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 January 1996. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 22 April 1997. For the Council The President J. VAN AARTSEN (1) OJ No C 373, 10. 12. 1996, p. 10. (2) OJ No C 115, 14. 4. 1997. (3) OJ No C 75, 10. 3. 1997. (4) OJ No L 171, 29. 6. 1991, p. 1. (5) OJ No L 158, 30. 6. 1993, p. 9. (6) OJ No L 388, 31. 1. 1992, p. 1. Regulation as last amended by Regulation (EC) No 3318/94 (OJ No L 350, 31. 12. 1994, p. 15). (7) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EC) No 1287/95 (OJ No L 125, 8. 6. 1995, p. 1).
Article 4 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. It shall apply from 1 January 1996. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 22 April 1997. For the Council The President J. VAN AARTSEN (1) OJ No C 373, 10. 12. 1996, p. 10. (2) OJ No C 115, 14. 4. 1997. (3) OJ No C 75, 10. 3. 1997. (4) OJ No L 171, 29. 6. 1991, p. 1. (5) OJ No L 158, 30. 6. 1993, p. 9. (6) OJ No L 388, 31. 1. 1992, p. 1. Regulation as last amended by Regulation (EC) No 3318/94 (OJ No L 350, 31. 12. 1994, p. 15). (7) OJ No L 94, 28. 4. 1970, p. 13. Regulation as last amended by Regulation (EC) No 1287/95 (OJ No L 125, 8. 6. 1995, p. 1).