12. 3. 94 Official Journal of the European Communities No L 69/1 (Acts whose publication is obligatory) COMMISSION REGULATION (EC) No 547/94 of 10 March 1994 amending Regulation (EEC) No 1068/93 on detailed rules for determining and applying the agricultural conversion rates THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, : 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 amended by Regulation (EC) No 3528/93 (3), and in particular Article 12 thereof, Whereas, notwithstanding Article 4 of Regulation (EEC) No 3813/92, Article 4a of that Regulation introduces new rules applying until 31 December 1994 for adjusting the agricultural conversion rates ; whereas certain provisions of Commission Regulation (EEC) No 1068/93 (°) referring to the said Article 4 should be adapted; Whereas the agricultural conversion rates applicable to advances must take account, whenever possible, of adjus- tements to the rates fixed in advance which apply to the prices and amounts concerned ; whereas a period should be laid down for technical implementation of the amend- ment to the rule on administration of the advances provided for in Article 12 (3) of Regulation (EEC) No 1068/93 ; Whereas, in order to avoid difficulties on the markets, a link must be established between the advance fixing of the agricultural conversion rate applicable to a price or an amount and the advance fixing of the agricultural conver- sion rate applicable to the security concerned ; Whereas the relevant Management Committees have not delivered opinions within the time limits:laid down by their chairmen, HAS ADOPTED THIS REGULATION : Article 1 Regulation (EEC) No 1068/93 is hereby amended as follows : 1. Article 2 (2) and (3) are replaced by the following: ‘2. Notwithstanding paragraph 1, in cases where the absolute difference between the monetary gaps in two () OJ No L 387, 31. 12. 1992, p. 1. () OJ No L 320, 22. 12. 1993, p. 32. () OJ No L 108, 1. 5. 1993, p. 106. Member States, calculated, in the case of floating currencies, on the basis of the average of the ecu rates for three consecutive quotation days not interrupted by a currency realignment, exceeds six points: (a) the representative market rate for each currency in question, in respect of which a monetary gap exists which is equal to or greater than the limit referred to — in Atrticle 4 (1) of Regulation (EEC) No 3813/92, or — until 31 December 1994, in Article 4a (1) of Regulation (EEC) No 3813/92, where appli- cable adjusted in accordance with Article 4a (4) thereof, shall be adjusted on the basis of the three quota- tion days in question, and (b) the basic reference period in which the representa- tive market rate is adjusted for the currency or currencies in question shall be altered so as to commence on the day following the three quota- tion days in question ; the end of that period shall not be affected by this provision. ~= 3. In the event of a currency realignment : — the reference period referred to in the second indent of the first subparagraph of Atticle 4 (2) of Regulation (EEC) No 3813/93 and that referred to in the second indent of the first subparagraph of Article 4a (2) of that Regulation shall be equal to the two quotation days following the date of the realignment, and — the basic reference period in which the representa- tive market rates is adjusted shall be altered so as to commence on the day following to two quotation days referred to in the first indent ; the end of that period shall not be affected by this provision.’