# Commission Decision (EU) 2015/2300 of 8 December 2015 on the payment in euro by the United Kingdom of certain expenditure resulting from sectoral agricultural legislation (notified under document C(2015) 8576) (Only the English text is authentic), Introduction: Introductory text

Extent: E+W+S+N.I.

Commission Decision (EU) 2015/2300
of 8 December 2015
on the payment in euro by the United Kingdom of certain expenditure resulting from sectoral agricultural legislation
(notified under document C(2015) 8576)
(Only the English text is authentic)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) No 1306/2013 of the European Parliament and of the Council of 17 December 2013 on the financing, management and monitoring of the common agricultural policy and repealing Council Regulations (EEC) No 352/78, (EC) No 165/94, (EC) No 2799/98, (EC) No 814/2000, (EC) No 1290/2005 and (EC) No 485/2008, and in particular Article 108 thereof,
Whereas:
(1)
Article 108 of Regulation (EU) No 1306/2013 requires Member States which have not adopted the euro and which decide to pay the expenditure resulting from sectoral agricultural legislation in euro rather than in their national currency to take measures to ensure that the use of the euro does not provide a systematic advantage compared with the use of national currency.
(2)
Commission Decision (EU) 2015/1352 previously approved such measures communicated by the United Kingdom.
(3)
On 30 October 2015, the United Kingdom notified the Commission of its intention to extend the number of measures under which it would pay expenditure in euro rather than in pounds sterling, as well as of the measures that would be applied in accordance with Article 108 of Regulation (EU) No 1306/2013 to ensure that a systematic advantage resulting from the use of the euro rather than the pound sterling does not arise.
(4)
The measures planned by the United Kingdom can be summarised as follows:
operators may be paid in euro the amounts laid down in, or resulting from, the Union legislation,
operators shall bear the full exchange-rate risk arising from subsequent conversion into sterling,
operators must make a standing commitment for a minimum of 1 year,
concerning the basic payment and other direct payments as referred to in Regulation (EU) No 1307/2013 of the European Parliament and of the Council, operators shall opt for payment in euro when they submit the application as referred to in Article 13(1) of Commission Implementing Regulation (EU) No 809/2014,
concerning market measures under Regulation (EU) No 1308/2013 of the European Parliament and of the Council, Council Regulation (EU) No 1370/2013 (other than temporary exceptional aid to farmers in the livestock sector), and Regulation (EU) No 510/2014 of the European Parliament and of the Council and information provision and promotion measures concerning agricultural products under Regulation (EU) No 1144/2014 of the European Parliament and of the Council, operators must be approved at least 3 months in advance to be paid in euro; 3 months' notice must also be given to withdraw from the arrangement; new payments in euro are then only possible after a 1-year waiting period,
concerning temporary exceptional aid to farmers in the livestock sectors under Commission Delegated Regulation (EU) 2015/1853, operators shall have opted to receive CAP payments in euro before 17 October 2015.
(5)
Those measures are in line with the objective fixed by Regulation (EU) No 1306/2013, namely to prevent a systematic advantage resulting from the use of the euro rather than the national currency. They should therefore be approved.
(6)
For that reason, Decision (EU) 2015/1352 should be repealed and replaced by this Decision,
HAS ADOPTED THIS DECISION:

---
Source: https://www.legislation.gov.uk/eudn/2015/2300/introduction (the official version)
Page: https://openlegislation.uk/eu-decision-2015-2300/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.