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Commission Regulation (EC) No 391/2007 Article 12

Commission Regulation (EC) No 391/2007 Article 12

Currency

Article 12

1.   Fisheries control programmes, claims for reimbursement of expenditure and claims for payment of advances shall be expressed in euro. 2.   Reimbursement shall be made in euro on the basis of the exchange rate published in the C series of the Official Journal of the European Union of the day on which the payment order or recovery order is drawn up by the authorising department of the Commission. 3.   Member States not participating in the third stage of Economic and Monetary Union shall specify the exchange rate used.

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Other provisions in Commission Regulation (EC) No 391/2007

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 12 of Commission Regulation (EC) No 391/2007 (LawPlayer, data as of 2026-07-04)

© 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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