Commission Regulation (EC) No 158/95 of 31 January 1995 laying down transitional measures for the abolition of the correcting factor applicable to the conversion rates used in the agricultural sector

• CELEX: Regulation (EC) No 158/95
• Articles: 6

Article 1

Article 15 (1) of Regulation (EEC) No 1068/93 shall not apply in the case of any alteration to agricultural conversion rates made on 1 February 1995.

Article 2

1. The ecu rates which, in accordance with Article 15 (2) of Regulation (EEC) No 1068/93, replace from 1 February 1995 the agricultural conversion rates fixed in advance before that date, shall be multiplied by the correcting factor 1,207509.

2. The Commission shall fix the rates referred to in paragraph 1 on the basis of the agricultural conversion rates fixed from 1 February 1995 to 30 April 1995.

Article 3

Notwithstanding Article 18 (1) of Regulation (EEC) No 1068/93, in a case where the agricultural conversion rate applicable to a price or amount fixed before 1 February 1995 is equal to the agricultural conversion rate in force on 31 January 1995 divided by the correcting factor 1,207509, Member States may grant the said price or amount, non-adjusted in accordance with Article 13 (2) of Regulation (EEC) No 3813/92, and converted into national currency with the agricultural conversion rate in force on 31 January 1995.

This Article shall apply until:

- 1 January 1996 in respect of the amounts not concerned by a marketing year,

- the beginning of the 1996 marketing year where that marketing year starts in January 1996,

- the beginning of the 1995/96 marketing year in the other cases.

Article 4

For the adjustments to the levies and refunds, as referred to in Articles 12 and 13 of Regulation (EEC) No 1766/92 and in Articles 13 and 17 of Regulation (EEC) No 1418/76, fixed in advance before 1 February 1995 and used for importation or exportation from that date, the part of the increase in the threshold price resulting from the application of the correcting factor of 1,207509 shall not be taken into account.

Article 5

In the case of aid applications for cotton lodged from 1 February 1995 for a quantity for which the application for placing under supervision was lodged before that date, the amount of aid shall be that applicable on the day on which the application for aid was made, divided by 1,207509.

Article 6

This Regulation shall enter into force on 1 February 1995.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 31 January 1995.

For the Commission

Franz FISCHLER

Member of the Commission

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(2) OJ No L 22, 31. 1. 1995, p. 1.

(3) OJ No L 108, 1. 5. 1993, p. 106.

(4) See page 1 of this Official Journal.

(5) OJ No L 181, 1. 7. 1992, p. 21.

(6) OJ No L 197, 30. 7. 1994, p. 1.

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