31992R3310

17. 11 . 92 Official Journal of the European Communities No L 331 / 15

COMMISSION REGULATION (EEC) No 3310/92 of 16 November 1992 suspending advance fixing of the export refunds on certain products processed from maize

THE COMMISSION OF THE EUROPEAN COMMUNITIES, Whereas the above situation requires that application of the provisions concerning advance fixing of refunds for Having regard to the Treaty establishing the European the products concerned be temporarily suspended, Economic Community, Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals ('), as last amended by Regulation (EEC) HAS ADOPTED THIS REGULATION : No 1738/92 (2), and in particular the second subparagraph of Article 16 (7) thereof, Article 1 Whereas Article 16 (7) of Regulation (EEC) No 2727/75 provides that the provisions concerning advance fixing of Advance fixing of the export refunds on products of CN the refund may be suspended if the market situation codes 1102 20 and 1103 13 is hereby suspended from 17 shows that the application of these provisions is causing to 19 November 1992. or is likely to cause difficulties ; Whereas, in view of the monetary situation, there is a danger that the continuation of the present system could Article 2 give rise to speculative operations ; whereas the advance fixing of the export refunds on certain products processed This Regulation shall enter into force on 17 November 1992. from maize should therefore be urgently suspended ;

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 November 1992.

For the Commission Ray MAC SHARRY Member of the Commission

(') OJ No L 281 , 1 . 11 . 1975, p. 1 . (2) OJ No L 180, 1 . 7. 1992, p. 1 .