DOCUMENTS CONCERNING THE ACCESSION TO THE EUROPEAN COMMUNITIES OF THE KINGDOM OF DENMARK, IRELAND, THE KINGDOM OF NORWAY AND THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, ACT CONCERNING THE CONDITIONS OF ACCESSION AND THE ADJUSTMENTS TO THE TREATIES, PART FOUR TRANSITIONAL MEASURES, TITLE V CAPITAL MOVEMENTS, ARTICLE 120
Official Journal L 073 , 27/03/1972 P. 0039
++++ 1 . THE NEW MEMBER STATES MAY , UNDER THE CONDITIONS AND WITHIN THE TIME LIMITS IN ARTICLES 121 TO 126 , DEFER THE LIBERALIZATION OF CAPITAL MOVEMENTS PROVIDED FOR IN THE FIRST COUNCIL DIRECTIVE OF 11 MAY 1960 FOR THE IMPLEMENTATION OF ARTICLE 67 OF THE EEC TREATY AND IN THE SECOND COUNCIL DIRECTIVE OF 18 DECEMBER 1962 ADDING TO AND AMENDING THE FIRST DIRECTIVE FOR THE IMPLEMENTATION OF ARTICLE 67 OF THE EEC TREATY . 2 . APPROPRIATE CONSULTATIONS SHALL TAKE PLACE IN DUE COURSE BETWEEN THE NEW MEMBER STATES AND THE COMMISSION ABOUT PROCEDURES FOR APPLYING MEASURES OF LIBERALIZATION OR RELAXATION , THE IMPLEMENTATION OF WHICH MAY BE DEFERRED UNDER THE FOLLOWING PROVISIONS .