31993R1652

CELEX: 31993R1652
Datum: 1993-06-29
Källa: eur-lex.europa.eu

No L 157/48 Official Journal of the European Communities 29 . 6 . 93

COMMISSION REGULATION (EEC) No 1652/93 of 28 June 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, mainte nance of the present arrangements is likely to lead to a Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the speculation concerning the Irish punt and disturbance of the markets ; whereas advance fixing of the agricultural conversion rates to be applied for the purposes of the conversion rate of the Irish punt should therefore be common agricultural policy ('), urgently suspended, Having regard to Council Regulation (EEC) No 1068/93 of 30 April 1993 on detailed rules for determining and HAS ADOPTED THIS REGULATION : applying the agricultural conversion rates (2), and in parti cular Article 16 (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 conversion rate or where such difficulties are liable to 29 and 30 June 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 29 June 1993.

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

Done at Brussels, 28 June 1993.

For the Commission Rene STEICHEN Member of the Commission

0 OJ No L 387, 31 . 12. 1992, p. 1 . 0 OJ No L 108, 1 . 5. 1993, p. 106.