31972R2243

14 Official Journal of the European Communities

No L 241 /8 Official Journal of the European Communities 24.10.72

REGULATION (EEC) No 2243/72 OF THE COMMISSION

of 23 October 1972 amending Regulation (EEC) No 1468/71 laying down conditions for granting financial compensation in respect of certain fishery products

THE COMMISSION OF THE EUROPEAN COM­ the end of -this period of validity of the price MUNITIES, referred to in Article 1 ( 1 ) (b ). Having regard to the Treaty establishing the 2 . On request, the compensation or a part European Economic Community ; thereof shall be paid in advance in respect of Having regard to Council Regulation ( EEC) No quantities withdrawn from the market on 2142/70 of 20 October 1970 on the common condition that the provisions of Article 1 have organization of the market in fishery products,1 and been complied with during the period in question in particular Article 10 (5 ) thereof; and that the applicant lodges a deposit equal to the amount of the advance . Whereas Commission Regulation (EEC) No 1468/71 laying down conditions for granting financial The deposit shall take the form of a guarantee by compensation in respect of certain fishery products an establishment complying with criteria laid specifies the conditions under which this down by the Member State making the advance. compensation is to be granted; whereas detailed rules for granting this compensation should be defined and Member States shall notify the Commission of the provision made in particular for the possibility, under categories of institution authorized to provide certain conditions, of paying all or part of the guarantees . The Commission shall pass this information to the other Member States . compensation in advance in respect of quantities withdrawn from the market before the end of the 3 . The deposit shall be released once period of validity of the Community withdrawal entitlement to financial compensation has been price; definitely established pursuant to Article 1 . Whereas, the measures provided for in this Regulation are in accordance with the Opinion of the If, despite a request to that effect, the amount advanced is not repaid or is only partially repaid, Management Committee for Fishery products ; the deposit shall be retained in its entirety or in HAS ADOPTED THIS REGULATION : proportion to the amount of the advance which Article 1 has not been repaid, as the case may be.' The following Article la shall be inserted in Regulation (EEC ) No 1468 /71 : Article 2

'Article la This Regulation shall enter into force on the third 1 . Financial compensation shall be paid to day following its publication in the Official Journal producers' organizations, at their request, after of the European Communities .

This Regulation shall be binding in its entirety and directly applicable in all Member States . Done at Brussels, 23 October 1972 .

For the Commission The President

S. L. MANSHOLT