The United Kingdom shall be authorised to pay the compensatory aid referred to in Article 5 of Regulation (EC) No 2799/98 as a result of the reduction recorded on the operative event date of 1 July 2001 in the exchange rate for the pound sterling compared to the rate previously applicable.
The maximum amounts of the first tranche of the aid are given in the Annex hereto.
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, 8 October 2001.
For the Commission
Franz Fischler
Member of the Commission
(1) OJ L 349, 24.12.1998, p. 1.
(2) OJ L 349, 24.12.1998, p. 36.
(3) OJ L 282, 8.11.2000, p. 9.
(4) OJ L 193, 29.7.2000, p. 13.
ANNEXSupplementary provisions
Maximum amounts of the first tranche of compensatory aid expressed in EUR million
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