17. 5. 97 Official Journal of the European Communities No L 126/9 COMMISSION REGULATION (EC) No 887/97 of 16 May 1997 setting detailed rules to apply Council Regulation (EC) No 712/97 setting up a specific measure in favour of cephalopod producers permanently based in the Canary Islands THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 712/97 of 22 April 1997 setting up a specific measure in favour of cephalopod producers permanently based in the Canary Islands ('), and in particular Article 2 thereof, Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (), as last amended by Regu- lation (EC) No 150/95 (%), and in particular Article 6 thereof, Whereas Regulation (EC) No 712/97 provides for annual aid to be granted to cephalopod producers permanently based in the Canary Islands; Whereas for satisfactory management of the aid scheme the aid should be made over to producer organizations; Whereas given the terms on which aid is to be granted it is necessary to specify and adjust the operative events for the agricultural conversion rate set in Articles 10 and 12 of Commission Regulation (EEC) No 1068/93 of 30 April 1993 on detailed rules for determining and applying the agricultural conversion rates (*), as last amended by Regu- lation (EC) No 1428/96 () Whereas the national authorities must make suitable checks that the terms on which aid is granted have been respected; Whereas Regulation (EC) No 712/97 applies with effect from 1 January 1996; whereas the present Regulation must therefore apply from that date; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fishery Products, OJ No L 106, 24. 4. 1997, p. 3. O] No L 387, 31. 12. 1992, p. 1. O] No L 22, 31. 1. 1995, p. 1. OJ No L 108, 1. 5. 1993, p. 106. No L 188, 27. 7. 1996, p. 22. HAS ADOPTED THIS REGULATION: Article 1 This Regulation sets rules of application for the granting of temporary annual aid for cephalopod producers per- manently based in the Canary Islands, as provided for by Regulation (ECy No 712/97. Article 2 The aid shall be made over to producer organizations that will distribute it to their members on the basis of the quantities actually produced and marketed on their behalf. Article 3 Producer organizations shall submit to the competent authorities of the Member State before 1 March of the year following that for which the annual aid is sought an application showing the eligible quantities marketed in each month of that year. For the quantities marketed in 1996 this date shall be 1 June 1997. The competent authorities shall pay the aid within two months of submission of the application. The agricultural conversion rate to be used for the aid for the eligible quantities marketed each month shall be that applicable on the first day of the month. Article 4 1.  The competent national authorities shall set up arrangements to check that the producers to whom aid is paid are entitled to it. 2. To this end producer organizations shall keep production and marketing records for the products eligible for aid and make quarterly notification to the competent national authorities of the information required for their checks.