31981R0876

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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 L 84 , 4 . 4 . 1979 , P . 1 .

( 5 ) OJ NO L 152 , 20 . 6 . 1980 , P . 1 .

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

COUNCIL REGULATION ( EEC ) NO 876/81

OF 31 MARCH 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 ARTICLE 103 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 ),

WHEREAS REGULATION ( EEC ) NO 652/79 ( 4 ), AS LAST AMENDED BY REGULATION ( EEC ) NO 1523/80 ( 5 ), INTRODUCED THE EUROPEAN MONETARY SYSTEM INTO THE COMMON AGRICULTURAL POLICY FOR A PERIOD ENDING 31 MARCH 1981 ;

WHEREAS , BY AN AMENDMENT TO ARTICLE 3 ( B ) OF REGULATION ( EEC ) NO 652/79 , REGULATION ( EEC ) NO 1011/80 ( 6 ) 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 MARCH 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 AS AN INTERIM MEASURE TO ADOPT AS A MATTER OF URGENCY THE MEASURES NECESSARY TO EXTEND THE VALIDITY OF REGULATION ( EEC ) NO 652/79 ON THE BASIS OF ARTICLE 103 OF THE TREATY , SUBJECT TO THEIR LATER INSERTION IN THE COMMON AGRICULTURAL POLICY IN ORDER TO AVOID THE HARMFUL CONSEQUENCES OF THE LACK OF A DECISION ,

HAS ADOPTED THIS REGULATION :

ARTICLE 1

THE DATE ' 31 MARCH 1981 ' IN THE SECOND SUBPARAGRAPH OF ARTICLE 5 OF REGULATION ( EEC ) NO 652/79 SHALL BE REPLACED BY ' 31 DECEMBER 1981 ' .

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 APRIL 1981 .

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

DONE AT BRUSSELS , 31 MARCH 1981 .

FOR THE COUNCIL

THE PRESIDENT

G . BRAKS