31981R3605

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( 1 ) OJ NO 106 , 30 . 10 . 1962 , P . 2553/62 .

( 2 ) OJ NO L 263 , 19 . 9 . 1973 , P . 1 .

( 3 ) OJ NO C 57 , 7 . 3 . 1980 , P . 11 .

( 4 ) OJ NO C 97 , 21 . 4 . 1980 , P . 44 .

( 5 ) OJ NO L 84 , 4 . 4 . 1979 , P . 1 .

( 6 ) OJ NO L 88 , 2 . 4 . 1981 , P . 28 .

( 7 ) OJ NO L 108 , 26 . 4 . 1980 , P . 3 .

COUNCIL REGULATION ( EEC ) NO 3605/81

OF 15 DECEMBER 1981

AMENDING REGULATION ( EEC ) NO 652/79 ON THE IMPACT OF THE EUROPEAN MONETARY SYSTEM ON THE COMMON AGRICULTURAL POLICY

THE COUNCIL OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLES 28 , 43 AND 235 THEREOF ,

HAVING REGARD TO COUNCIL REGULATION NO 129 ON THE VALUE OF THE UNIT OF ACCOUNT AND THE EXCHANGE RATES TO BE APPLIED FOR THE PURPOSES OF THE COMMON AGRICULTURAL POLICY ( 1 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 2543/73 ( 2 ), AND IN PARTICULAR ARTICLE 3 THEREOF ,

HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ( 3 ),

HAVING REGARD TO THE OPINION OF THE EUROPEAN PARLIAMENT ( 4 ),

WHEREAS REGULATION ( EEC ) NO 652/79 ( 5 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 876/81 ( 6 ), INTRODUCED THE EUROPEAN MONETARY SYSTEM INTO THE COMMON AGRICULTURAL POLICY FOR A PERIOD ENDING 31 DECEMBER 1981 ;

WHEREAS , BY AN AMENDMENT TO ARTICLE 3 ( B ) OF REGULATION ( EEC ) NO 652/79 , REGULATION ( EEC ) NO 1011/80 ( 7 ) INTRODUCED A NEW SYSTEM WITH REGARD TO THE FRANCHISES ADOPTED FOR CALCULATING THE MONETARY COMPENSATORY AMOUNTS ; WHEREAS PURSUANT TO THE SECOND SUBPARAGRAPH OF ARTICLE 5 OF REGULATION ( EEC ) NO 652/79 THIS SYSTEM IS ALSO LIMITED TO 31 DECEMBER 1981 ;

WHEREAS THE COMMISSION SUBMITTED TO THE COUNCIL PROPOSALS FOR CONSOLIDATING ALL THE AGRI-MONETARY RULES AND AT THE SAME TIME INTRODUCING THE ECU INTO THE COMMON AGRICULTURAL POLICY ON A PERMANENT BASIS ; WHEREAS PENDING THE COUNCIL ' S CONTINUATION OF ITS WORK ON THOSE PROPOSALS IT IS NECESSARY TO ADOPT AS A MATTER OF URGENCY THE MEASURES NECESSARY TO EXTEND THE VALIDITY OF REGULATION ( EEC ) NO 652/79 IN ORDER TO AVOID THE HARMFUL CONSEQUENCES OF THE LACK OF A DECISION ; WHEREAS EXPERIENCE SHOWS THAT IT IS JUSTIFIED TO EXTEND THE APPLICATION OF THE ECU IN THE COMMON AGRICULTURAL POLICY UNTIL 31 DECEMBER 1982 ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE SECOND SUBPARAGRAPH OF ARTICLE 5 OF REGULATION ( EEC ) NO 652/79 IS HEREBY REPLACED BY THE FOLLOWING :

' IT SHALL APPLY UNTIL 31 DECEMBER 1982 . '

ARTICLE 2

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

IT SHALL APPLY FROM 1 JANUARY 1982 .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 15 DECEMBER 1981 .

FOR THE COUNCIL

THE PRESIDENT

P . WALKER