Article 1

Regulation (EC, Euratom) No 2728/94 is hereby amended as follows:

1. 1..

   In Article 1, the following subparagraph shall be added:

   ‘All operations carried out for the benefit of a third country or for the purpose of financing projects in a third country shall fall outside the scope of this Regulation with effect from the date on which that country accedes to the European Union.’;

2. 2..

   The following Article shall be inserted:

   ‘Article 3a

   Following the accession of a new Member State to the European Union, the target amount shall be reduced by an amount calculated on the basis of the operations referred to in the third subparagraph of Article 1.

   In order to calculate the amount of the reduction, the percentage rate referred to in the second subparagraph of Article 3 applicable on the date of accession shall be applied to the amount of those operations outstanding on that date.

   The surplus shall be paid back to a special heading in the statement of revenue in the general budget of the European Union.’;

3. 3..

   In Article 7, the date ‘31 March’ shall be replaced by ‘31 May’.