31993R0204
1 . 2. 93 No L 24/ 1 Official Journal of the European Communities
I
(Acts whose publication is obligatory)
COMMISSION REGULATION (EEC) No 204/93 of 31 January 1993 suspending advance fixing of the agricultural conversion rate of the Irish punt
THE COMMISSION OF THE EUROPEAN COMMUNITIES, the advance fixing of the agricultural conversion rate for a maximum of three working days ; Having regard to the Treaty establishing the European Economic Community, Whereas given the present monetary situation following the devaluation of the Irish punt maintenance of the Having regard to Council Regulation (EEC) No 3813/92 present arrangements is likely to lead to a speculation and of 28 December 1992 on the unit of account and the disturbance of the markets ; whereas advance fixing of the conversion rates to be applied for the purposes of the agricultural conversion rate of the Irish punt should common agricultural policy ('), therefore be suspended, Having regard to Council Regulation (EEC) No 3819/92 of 28 December 1992 on detailed rules for determining HAS ADOPTED THIS REGULATION : and applying the agricultural conversion rates (2), and in particular Article 12 (2) thereof, Article 1 Whereas, where a review of the monetary or market situa tion reveals difficulties arising form the application of the Advance fixing of the agricultural conversion rate of the rules concerning the advance fixing of the agricultural Irish punt is suspended for applications lodged between 1 conversion rate or where such difficulties are liable to and 3 February 1993 . arise, a decision may be taken to suspend the application of these rules ; whereas in extremely urgent cases the Article 2 Commission may, after a review of the situation on the basis of all the available information, decide to suspend This Regulation shall enter into force on 1 February 1993.
This Regulation shall be binding in its entirety and directly applicable in all Member States .
Done at Brussels, 31 January 1993.
For the Commission Rene STEICHEN Member of the Commission
(') OJ No L 387, 31 . 12. 1992, p. 1 . 0 OJ No L 387, 31 . 12. 1992, p. 17.