12.9.2000 Official Journal of the European Communities L 230/7 COMMISSION REGULATION (EC) No 1925/2000 of 11 September 2000 establishing the operative events for the exchange rates to be applied when calculating certain amounts provided for by the mechanisms of Council Regulation (EC) No 104/2000 on the common organisation of the market in fishery and aquaculture products 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 ('), and in particular Article 3(2) thereof, Whereas: (1)  All the specific definitions of operative events for the exchange rates for calculations provided for by the mechanisms of Council Regulation (EC) No 104/2000 of 17 December 1999 on the common organisation of the market in fishery and aquaculture products (3 should be collated in a single Regulation. (2)  Regulation (EC) No 104/2000 has made a number of changes to the aids available to producers' organisations, in particular the introduction of the operational programmes and amendments to the private storage aid mechanisms. The previous implementing regulation, Commission Regulation (EC) No 3516/93 (), as amended by Regulation (EC) No 963/1999 (¥, does not have provisions on exchange rates to be applied for these new mechanisms. For these reasons, Regulation (EC) No 3516/93 should be replaced by this Regulation. (3)  The revised agrimonetary arrangements outlined in Regulation (EC) No 2799/98 support the need to replace Regulation (EC) No 3516/93 since references to the agrimonetary conversion rate are no longer applicable. (4)  The operative events for financial compensation and carry-over aid should be consistent with the operative events for withdrawal prices and other amounts involved in their calculation. (5)  The possibility for producers' organisations to use a margin of tolerance in the application of the withdrawal price and other prices in the common organisation of the markets in fishery and aquaculture products is constrained by the necessity of informing the Member State the level of the modified price at least two days before it is due to become applicable. Producers' organ- isations must therefore know the exchange rate for these prices in advance of the period for which it is to be applicable in order that they can meet this obligation to inform the competent authorities in advance. The opera- () O] L 349, 24.12.1998, p. 1. () O] L 17, 21.1.2000, p. 22. () O] L 320, 22.12.1993, p. 10. (% O] L 119, 7.5.1999, p. 26. tive event must be set before the period of its applica- tion. (6)  An operative event should be introduced for the finan- cial compensation for the operational programmes. This should be the first day of the fishing year so that the producers' organisation can know the level of aid in advance. (7)  An operative event should be established for the rate of exchange to be applied to the different prices notified to the Commission in the context of the common organ- isation of the market. This operative event must corre- spond to a single day of the period for which the price is calculated. Since practical use is made of this informa- tion a posteriori, the operative event should be estab- lished as the last day of the period for which the price is calculated. (8)  The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fishery Products, HAS ADOPTED THIS REGULATION: Article 1 This Regulation establishes the operative events for the exchange rates to be used for the mechanisms laid down in Regulation (EC) No 104/2000. The exchange rate to be used shall be the rate most recently fixed by the European Central Bank (ECB) prior to the opera- tive event as set out in Article 1 of Commission Regulation (EC) No 2808/98 (’). Article 2 For the fisheries sector, the operative event for the exchange rate for the withdrawal price and for the amounts linked to that price, which are listed in Annex I, shall be the 22nd day of the month before the operation took place. Article 3 The operative event for the exchange rate applicable to the financial compensation provided for in Article 21 of Regula- tion (EC) No 104/2000 shall be the 22nd day of the month before the operation took place. () O] L 349, 24.12.1998, p. 36.