Detailed Instructions: In this task, you are provided with an article of the legal acts. Your task is to classify it into three categories (Regulation, Decision and Directive) based on its content: 1) Regulation is a binding legislative act that must be applied in its entirety on a set date across all the member states (European Union countries). 2) Decision is binding on those to whom it is addressed (e.g. an European Union country or an individual company) and is directly applicable. 3) Directive is a legislative act that sets out a goal that all must achieve. However, it is up to the individual countries to devise their own laws on how to reach these goals.
Problem:Subparagraphs (a) and (b) of Article 6 (2) of Regulation (EEC) No 685/69 are replaced by the following:' (a) 10 units of account for fixed costs;(b) 0 720 unit of account per day for cold storage costs;(c) an amount per day of storage calculated on the basis of the buying-in price for butter applied by the intervention agency in the relevant Member State on the day on which the contract is made, plus interest at 8 % per annum;For the purpose of calculating the amount of the costs specified in (b) and (c), the number of days to be taken into account shall be the number of days from and including the day of entry into store until and including the day of removal.' Article 24 (1) of Regulation (EEC) No 685/69 is replaced by the following:'1. The private storage aid provided for in Article 6 (2) of Regulation (EEC) No 804/68 shall be calculated per metric ton of butter equivalent as follows: (a) 10 units of account for fixed costs;(b) 0 720 unit of account per day for cold storage costs;(c) an amount per day of storage calculated on the basis of the buying-in price for butter applied by the intervention agency in the relevant Member State on the day on which the contract is made, plus interest at 8 % per annum.(d) 30 units of account where the product is stored for not less than four months.For the purpose of calculating the amount of the costs specified in (b) and (c), the number of days to be taken into account shall be the number of days from and including the day of (1)OJ No L 148, 28.6.1968, p. 13. (2)OJ No L 73, 27.3.1972, p. 14. (3)OJ No L 73, 27.3.1972, p. 5. (4)OJ No L 90, 15.4.1969, p. 12. (5)OJ No L 39, 12.2.1973, p. 35.entry into store until and including the day of removal. However, the amount to be taken into account shall not exceed that corresponding to a storage period of 180 days.' This Regulation shall enter into force on 1 April 1973.This Regulation shall be binding in its entirety and directly applicable in all Member States.
Solution:
Regulation