31. 1. 95 Official Journal of the European Communities No L 22/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 150/95 of 23 January 1995 amending Regulation (EEC) No 3813/92 on the unit of account and the conver- sion rates to be applied for the purposes of the common agricultural policy THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Articles 42 and 43 thereof, Having regard to the proposal from the Commission (*), Having regard to the opinion of the European Par- liament (3), Whereas  Article 13 (2) of No 3813/92(), provides for an examination to be conducted by the Council, before 1 January 1995, of the agrimonetary arrangements introduced at the beginning of 1993 ; whereas measures must be taken at Community level for uniform application in all Member States to prevent distortion of monetary origin in the implementa- tion of the common agricultural policy; Whereas, as a consequence of the Decision of 2 August 1993 raising the marginal intervention thresholds under the European Monetary System to 15 %, the currencies of the Member States are all treated as floating currencies from the agrimonetary viewpoint ; whereas the correcting factor referred to in Article 1 (c) of Regulation (EEC) No 3813/92 has remained at 1,207509 ; Whereas the correcting factor linked to the fixed curren- cies was abolished by Article 13 (2) of Regulation (EEC) No 3813/92; whereas it is consequently necessary to adjust the prices and amounts fixed in ecus in order to maintain their value in national currencies; Whereas Council Regulation (EEC) No 3180/78 of 18 December 1978 changing the value of the unit of () OJ No C 360, 17. 12. 1994, p. 17. (?) Opinion delivered on 20 January 1995 (not yet published in _ the Official Journal). () OJ No L 387, 31. 12. 1992, p. 1. Regulation as last amended by Regulation (EC) No 3528/93 (OJ No L 320, 22. 12. 1993, p- 32). Regulation (EEC) . account used by the European Monetary Cooperation Fund (*) was repealed and replaced by Council Regulation (EC) No 3320/94 of 22 December 1994 on the consolida- tion of the existing Community legislation on the defini- tion of the ecu following the entry into force of the Treaty on Buropean Union (%); Whereas it is useful to determine the initial agricultural conversion rates for the currencies of the Member States which accede later on the European Union; Whereas, in view of the elimination of the correcting factor, a specific agricultural conversion rate as provided for in Article 3 (2) of Regulation (EEC) No 3813/92 is not needed for the agricultural structure policy; Whereas, until 31 December 1994, Regulation (EC) No 3528/93 (%) temporarily replaces the threshold for adjusting the agricultural conversion rates, which was initially symmetrical, narrow and fixed at between — 2 and + 2 points, by a threshold which is not symmetrical, is wider and movable between — 2to + 3 and O to + § points ; whereas Regulation (EC) No 3311/94 () extended those provisions for a month ; whereas the application of the initial threshold as from 1 January 1995 is likely, on account of the possibility of monetary fluctuations persis- ting within the Exchange Rate Mechanism of the Euro- pean Monetary System, to create instability adversely affecting the agricultural conversion rates ; Whereas, in view of the impact of falls in the agricultural conversion rates on farm incomes, the monetary trends which trigger them off must be confirmed; () OJ No L 379, 30. 12. 1978, p. 1. %) O No L 350, 31. 12. 1994, p. 27. (9 OJ No L 320, 22. 12. 1993, p. 32. () OJ No L 350, 31. 12. 1994, p. 1.