Introductory text

United Kingdom

Commission Regulation (EC) No 488/2006

of 24 March 2006

fixing the exchange rates applicable to structural or environmental measures in 2006

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EC) No 2799/98 of 15 December 1998 establishing agrimonetary arrangements for the euro^f1,

Having regard to Commission Regulation (EC) No 2808/98 of 22 December 1998 laying down detailed rules for the application of the agrimonetary system for the euro in agriculture^f2, and in particular the second sentence of Article 4(3) thereof,

Whereas:

(1)

In accordance with Article 4(2) of Regulation (EC) No 2808/98, the operative event for the amounts of a structural or environmental character is 1 January of the year during which the decision to grant the aid is taken.

(2)

In accordance with the first sentence of Article 4(3) of Regulation (EC) No 2808/98 the exchange rate to be used is the average of the exchange rates applicable during the month preceding the date of the operative event, calculated pro rata temporis,

HAS ADOPTED THIS REGULATION:

Annotations

Footnotes

f1: OJ L 349, 24.12.1998, p. 1.
f2: OJ L 349, 24.12.1998, p. 36 Regulation last amended by Regulation (EC) No 1044/2005 (OJ L 172, 5.7.2005, p. 76).