Introductory text

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural policy^f1, and in particular Article 4(8) thereof,

Whereas:

Article 2(3) of Commission Regulation (EC) No 1663/95 of 7 July 1995 laying down detailed rules for the application of Council Regulation (EEC) No 729/70 regarding the procedure for the clearance of the accounts of the EAGGF Guarantee Section^f2 provides that the form and content of the accounting information referred to in Article 4(1)(c) of that Regulation shall be established in accordance with the procedure provided for in Article 13 of Regulation (EC) No 1258/1999.

The form and content of the accounting information to be submitted to the Commission for the purposes of the clearance of the EAGGF Guarantee Section accounts as well as for monitoring and forecasting purposes are presently laid down in Commission Regulation (EC) No 2390/1999^f3.

Annexes I and III to Regulation (EC) No 2390/1999 need to be updated because of changes in the budget nomenclature and data requirements. Furthermore, in order to keep the transfer of information between the Member States and the Commission optimal and up to date, it is necessary to adapt the technical specifications in Annex II to that Regulation.

Regulation (EC) No 2390/1999 should therefore be amended accordingly.

The measures provided for in this Regulation are in accordance with the opinion of the Fund Committee,

HAS ADOPTED THIS REGULATION: