15.2.2001 Official Journal of the European Communities L 44/43 COMMISSION DECISION of 30 January 2001 on the payment in euro by the United Kingdom of certain expenditure resulting from legal instruments relating to the common agricultural policy and repealing Decision 2000/328/EC (notified under document number C(2001) 171) (Only the English text is authentic) (2001/121/EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, the full exchange-rate risk arising from subsequent conversion into sterling, Having regard to the Treaty establishing the European — operators must make a standing commitment; they Community must apply three months in advance to be paid in euro; they are then bound for a minimum of one year; three months advance notice must also be Having regard to Council Regulation (EC) No 2799/98 of 15 given to withdraw from the arrangement; new December 1998 establishing agrimonetary arrangements for payments in euro are then only possible after a the euro ('), and in particular Article 8 thereof, one-year waiting period, — operators may opt for payment in euro for all or any Whereas: of the measures listed in the Annex to this Decision. ) ) ) (6)  Initially the United Kingdom intends limiting payments (1) Article 8 of Regulation (EC) No 2799/98 requires non- in euro to market support measures that are entirely participating Member States that contemplate paying financed by the EAGGF as listed in the Annex to the expenditure resulting from legal instruments relating to ommunication. the common agricultural policy in euro to take measures ¢ umeati to ensure that the use of the euro does not provide a . o . systematic advantage compared with the use of national (7)  Article 12(4) of Commission Regulation (EC) No 2808/ currency. 98 of 22 December 1998 laying down detailed rules for the application of the agrimonetary system for the euro in agriculture (}), as last amended by Regulation (EC) No (2)  On 24 February 2000, the United Kingdom informed 2452/2000 (¥, states that the Commission has two the Commission that it intended to make use of Article months in which to approve the measures communi- 8 of Regulation (EC) No 2799/98 and communicated cated. the measures it contemplated taking to preventing any systematic advantage resulting from the use of the euro (8)  The measures that the United Kingdom contemplates rather than the pound sterling. That communication was received on 29 February 2000. A new version of the Annex to the abovementioned communication was forwarded on 17 March 2000 and received on 21 March taking are in line with the objective, namely to prevent a systematic advantage resulting from the use of the euro rather than the national currency. 2000. (9)  For that reason, the Commission Decision of 17 April 2000 on the payment in euro by the United Kingdom of (3)  The measures communicated were approved in certain expenditure resulting from legal instruments Commission Decision 2000/328/EC of 17 April 2000 relating to the common agricultural policy must be on the payment in euro by the United Kingdom of replaced by this Decision, certain expenditure resulting from legal instruments relating to the common agricultural policy (3). (4)  On 28 November 2000, the United Kingdom informed the Commission of its intention to amend the above- mentioned measures. That communication was received on the same date. HAS ADOPTED THIS DECISION: Article 1 (5)  The measures planned by the United Kingdom can be ] ] ] summarised as follows: The measures communicated by the United Kingdom concerning the payment in euro of expenditure resulting from — operators will be paid the amounts in euro laid the legal instruments relating to the common agricultural down in Community legislation; operators will bear policy listed in the Annex hereto are hereby approved. () O] L 349, 24.12.1998, p. 1. () O] L 349, 24.12.1998, p. 1. () O] L 114, 13.5.2000, p. 33. () O] L 282, 8.11.2000, p. 9.