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Regulation

Commission Delegated Regulation (EU) 2022/486 of 21 January 2022 amending Annexes I and III to Delegated Regulation (EU) No 906/2014 supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council as regards the calculation methods of public intervention expenditure

CELEX
Delegated Regulation (EU) 2022/486
Date of document
Articles
2
Source
EUR-Lex
Article 1

Annexes I and III to Delegated Regulation (EU) No 906/2014 are amended as follows:

(1)

Annex I, Part I is amended as follows:

(a)

point 1 is replaced by the following:

‘1.

For the purposes of calculating the financing costs to be borne by the EAGF for the funds mobilised by the Member State for buying in products, the Commission shall fix a uniform interest rate in accordance with Article 20(4) of Regulation (EU) No 1306/2013 throughout the Union. The uniform interest rate shall correspond to the average of the 3-month and 12-month forward EURIBOR rates, recorded during a 6-month reference period which is to be determined by the Commission, with a weighting of one-third and two-thirds respectively. If the EURIBOR is not available, the average €STR, recorded during that 6-month reference period, shall be used.’;

(b)

point 2 is amended as follows:

(i)

the first subparagraph is replaced by the following:

‘In order to determine the applicable interest rates, the Member States shall notify the Commission, at its request, of the average interest rate they actually bore during the reference period referred to in point 1 no later than by the deadline referred to in that request. The notification shall be made using the form made available to the Member States by the Commission.’;

(ii)

in the third subparagraph, points (a) and (b) are replaced by the following:

‘(a)

For Member States whose currency is the euro, the EURIBOR 3 months or, if the EURIBOR is not available, the €STR;

(b)

For Member States whose currency is not the euro, the IBOR 3 months applicable in each of those Member States or, if the IBOR is not available in the Member State concerned, the rate replacing the IBOR.’;

(c)

in point 3, the second subparagraph is replaced by the following:

‘The interest rates fixed by the Commission implementing regulation adopted on the basis of Article 20(4) of Regulation (EU) No 1306/2013 shall be rounded to 1 decimal.’;

(d)

the following point 4 is added:

‘4.

The Commission implementing regulation fixing the interest rate as referred to in point 3, second subparagraph, shall continue to apply until it is repealed by a new Commission implementing regulation fixing a new interest rate.’;

(2)

Annex III is amended as follows:

(a)

in Part I, point 4 is replaced by the following:

‘4.

If fewer than four Member States place a given product in public storage or notify costs for a physical operation relating to a product referred to in Annex II, the standard amounts for that product shall be established on the basis of the costs recorded in the Member States concerned. However, the final standard amount for that product cannot differ from the previously established amount by more than 2 %.’;

(b)

in Part II, point 3 is replaced by the following:

‘3.

If there is no public storage in the accounting year concerned, the Commission implementing decision fixing the standard amounts shall continue to apply until it is repealed by a new Commission implementing decision fixing new standard amounts.’.

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

2 articles

Cite this act

Commission Delegated Regulation (EU) 2022/486 of 21 January 2022 amending Annexes I and III to Delegated Regulation (EU) No 906/2014 supplementing Regulation (EU) No 1306/2013 of the European Parliament and of the Council as regards the calculation methods of public intervention expenditure (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/32022R0486

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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