Commission Regulation (EC) No 1481/96 of 26 July 1996 amending Regulation (EC) No 2921/95 laying down detailed rules for compensation for reductions in certain agricultural conversion rates

• CELEX: Regulation (EC) No 1481/96
• Articles: 2

Article 1

Regulation (EC) No 2921/95 is hereby amended as follows:

1. Article 2 (2) is replaced by the following:

'2. The amounts in ecus set out in Article 2 (2) of Regulation (EC) No 1527/95 and Regulation (EC) No 2990/95 shall be converted into national currency using the agricultural conversion rate valid immediately preceding the appreciable reduction responsible for the fixing of the amount in question.`

2. The second indent of Article 3 (1) is replaced by the following:

'- 1 January 1996 in the case of aid granted under Regulation (EC) No 2990/95 for appreciable reductions in the agricultural conversion rate before 30 June 1996,

- 1 July 1996 for other aid granted under Regulation (EC) No 2990/95.`

3. The following subparagraph is added to Article 5 (1):

'For appreciable reductions in the agricultural conversion rate after 30 June 1996, request for authorization to grant aid must be made by 30 June 1997.`

Article 2

This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities.

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

Done at Brussels, 26 July 1996.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ No L 312, 23. 12. 1995, p. 7.

(2) OJ No L 187, 26. 7. 1996, p. 1.

(3) OJ No L 305, 19. 12. 1995, p. 60.

(4) OJ No L 64, 14. 3. 1996, p. 12.