31993R2496

10 . 9 . 93 Official Journal of the European Communities No L 229/ 17

COMMISSION REGULATION (EEC) No 2496/93 of 9 September 1993 laying down special provisions, to apply during September 1993 , in respect of the reference periods which trigger certain adjustments of the agricultural conversion rate

THE COMMISSION OF THE EUROPEAN COMMUNITIES, tioning of the agricultural markets and, in certain situa­ tions, producers' income ; whereas, in order to avoid such Having regard to the Treaty establishing the European consequences, the reference period should therefore be Economic Community, temporarily redefined ; Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the Whereas the present monetary situation requires this Regulation to be implemented forthwith ; conversion rates to be applied for the purposes of the common agricultural policy ('), and in particular Article 1 Whereas the Management Committees concerned have (d) and Article 12 thereof, expressed no opinion on the measures in question, Whereas Article 2 of Commission Regulation (EEC) No 1068/93 of 30 April 1993 on detailed rules for deter­ HAS ADOPTED THIS REGULATION : mining and applying the agricultural conversion rates (2) lays down the reference periods during the exchange rates are calculated, with a view to adjusting in accordance with Article 1 the automatic rules specified in Article 4 of Regulation (EEC) No 3813/92 the representative market rates for If the exchange rates calculated for a floating currency floating currencies and, where applicable, their agricul­ during a reference period determined in accordance with tural conversion rates ; Article 2 of Regulation (EEC) No 1068/93 result, during September 1993, in an adjustment of the agricul­ Whereas the present monetary situation is characterized tural conversion rate, the reference period adopted shall by speculative movements ; whereas, in the case of certain be that previously in force. currencies, sizeable movements in different directions have occurred over relatively short periods ; Article 2 Whereas, following the monetary events of 2 August 1993, erratic monetary movements could result in This Regulation shall enter into force on the day of its frequent changes in the agricultural conversion rate ; publication in the Official Journal of the European whereas such changes may adversely affect the func­ Communities.

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

Done at Brussels, 9 September 1993.

For the Commission Rene STEICHEN Member of the Commission

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