No L 179/4 Official Journal of the European Communities 13. 7. 94 COMMISSION REGULATION (EC) No 1690/94 ' of 12 July 1994 laying down detailed rules for the implementation of Council Regulation (EEC) No 3759/92 as regards the granting of private storage aid for certain fishery products THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 3759/92 of 17 December 1992 on the common organization of the market in fishery and aquaculture products(’), as last amended by Regulation (EEC) No 1891/93 (), and in particular Article 16 (5) thereof, Whereas Regulation (EEC) No 3759/92 provides for private storage aid to be granted to producers’ organiza- tions in respect of the products listed in Annex II to the said Regulation ; whereas experience has shown that the implementing rules set out in Commission Regulation (EEC) No 2415/89 (%), as last amended by Regulation (EC) No 3516/93 (), require clarification and simplification to improve their efficiency and make them easier to apply by producers’ organizations ; whereas Regulation (EEC) No 2415/89 should therefore be replaced by this Regula- tion ; Whereas private storage aid may be granted if the average prices attained over a significant period are below a given level ; whereas, to determine those prices, it is necessary to define what is meant by the selling price realized by the producers’ organizations or their members within the framework of the present arrangements; Whereas the significant period to be taken into account for appraisal of the market in question should be defined ; Whereas, to help ensure product quality and to facilitate the disposal of the products on the market, the require- ments to be satisfied by operations qualifying for the aid should be laid down, together with the requirements for the storage and return to the market of the products concerned ; Whereas the technical and financial costs of storage should be defined ; Whereas the storage period to be taken into account when granting the aid should be determined ; () OJ No L 388, 31. 12. 1992, p. 1. () O] No L 172, 15. 7. 1993, p. 1. () OJ No L 228, 5. 8. 1989, p. 10. () OJ No L 320, 22. 12. 1993, p. 10. Whereas, to increase the efficiency of checks, the reci- pients of the aid must keep stock records ; whereas these records must contain at least the information necessary for the purposes of the said checks; Whereas the procedure for submitting applications for the payment of private storage aid should be laid down; Whereas the procedure should also be laid down for the granting of advance payments, and the amount of the relevant security should be specified ; Whereas minor infringements of the rules concerning private storage aid should not involve total withdrawal of the right to the aid but only a standard reduction thereof ; whereas, however, the consequences of a serious infringe- ment or intent to defraud should be laid down ; Whereas 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 lays down detailed implementing rules for the granting of the private storage aid referred to in Article 16 of Regulation (EEC) No 3759/92, heteinafter referred to as the ‘basic Regulation’. Article 2 The granting of the private storage aid, the period for which it is granted, the products concerned and the amount of the aid shall be determined by means of a Regulation adopted in accordance with the procedure laid down in Article 32 of the basic Regulation, where it has been ascertained that the conditions laid down in Article 16 (2) of the basic Regulation are met. Article 3 1. The average prices referred to in Article 16 (2) of the basic Regulation shall be determined on the basis of the selling prices invoiced by the producers’ organizations or their members at the stage of first-hand sale in the Community. :