L119/26 Official Journal of the European Communities 7.5.1999 COMMISSION REGULATION (EC) No 963/1999 of 6 May 1999 amending Regulation (EC) No 3516/93 establishing the operative events for the conversion rates to be applied when calculating certain amounts provided for by the mechanisms of 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 arrange- ments for the euro ('), and in particular Article 3(2) thereof, ) ( ( ( ( ) ) ) Y oJ L oJ L o] L oJ L Whereas Regulation (EC) No 2799/98 introduced new agrimonetary arrangements following the introduction of the euro; whereas the previous agri- monetary system of specific agricultural conversion rates is repealed; whereas the exchange rate of the Member States which have adopted the euro became irrevocably fixed on 1 January 1999; whereas the exchange rates of the national curren- cies of the Member States who are not participating in the euro will vary daily against the euro; whereas the conversion of prices fixed in euro in legal instruments based on Article 42 of the Treaty establishing the European Community into the national currencies of the Member States which have not adopted the single currency will now be calculated using the actual exchange rate of the euro in those currencies; Whereas Commission Regulation (EC) No 3516/ 93 (¥ set out the operative event for the rate of conversion to be applied to the different prices notified in the context of the common organisation of the market, including the withdrawal price, as being the second day of the month in which the operation took place; Whereas paragraph 1(a) of Article 12 of Council Regulation (EEC) No 3759/92 of 17 December 1992 on the common organisation of the market in fishery and aquaculture products(®), as last amended by Regulation (EC) No 3318/94 (%), permits producers’ organisations to use a margin of tolerance when applying the withdrawal price fixed according to Article 11 of the same Regulation in order to take account of seasonal fluctuations in the market; whereas paragraph 1 of Article 14 of the same Regulation also provides producers’ organ- 349, 24.12.1998, 320, 22.12.1993, 388, 31.12.1992, 350, 31.12.1994, ©) isations with a margin of tolerance when applying carryover aid in order to take account of seasonal fluctuations in the market; Whereas Article 3(1) of Commission Regulation (EEC) No 3902/92 of 23 December 1992 setting detailed rules for granting financial compensation on certain fisheries products (°), as last amended by Regulation (EC) No 1338/95 (°), and Article 2(3) of Commission Regulation (EEC) No 3901/92 of 23 December 1992 introducing detailed rules for granting carryover aid on certain fisheries prod- ucts (’), as last amended by Regulation (EC) No 1337/95 (), require producers’ organisations applying the margin of tolerance to the Community withdrawal price or selling price to notify the competent authorities of the Member State the level of this price at least two days before it is to become applicable; Whereas producers’ organisations must know the withdrawal price or the selling price sufficiently in advance in order to meet their obligation to notify the authorities when they apply the margin of tolerance; whereas under the revised agrimonetary arrangements, the applicable rate of exchange cannot be known until the day of the operative event; whereas there should therefore be an interval between the operative event and the period of its application; Whereas the operative event should be the 22nd day of the month before the operation took place; whereas Regulation (EC) No 3516/93 must thus be amended; Whereas the measures provided for in this Regula- tion are in accordance with the opinion of the Management Committee for Fishery Products, HAS ADOPTED THIS REGULATION: Article 1 Regulation (EC) No 3516/93 is amended as follows: L 392, 31.12.1992, p. 35. L 129, 14.6.1995, p. 7. L 392, 31.12.1992, p. 29. L 129, 14.6.1995, p. 5.