14.5.2005 Official Journal of the European Union L 122/19 COMMISSION REGULATION (EC) No 740/2005 of 13 May 2005 amending the corrective amount applicable to the refund on cereals THE COMMISSION OF THE EUROPEAN COMMUNITIES, (3)  The corrective amount must be fixed according to the same procedure as the refund. It may be altered in the Having regard to the Treaty establishing the European period between fixings, Community, Having regard to Council Regulation (EEC) No 1784/2003 of HAS ADOPTED THIS REGULATION: 29 September 2003 on the common organisation of the market in cereals ('), and in particular Article 13(8) thereof, Article 1 Whereas: The corrective amount referred to in Article 1(1)(a), (b) and (c) () The corrective amount applicable to the refund on of Regulation (EEC) No 1784/2003 which is applicable to the cereals was fixed by Commission Regulation (EC) No export refunds fixed in advance in respect of the products 676/2005 (. referred to, except for malt, is hereby altered to the amounts set out in the Annex hereto. (2)  On the basis of today’s cif prices and cif forward delivery prices, taking foreseeable developments on the market Article 2 into account, the corrective amount at present applicable to the refund on cereals should be altered. This Regulation shall enter into force on 14 May 2005. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 13 May 2005. For the Commission Mariann FISCHER BOEL Member of the Commission () OJ L 270, 21.10.2003, p. 78. () O] L 110, 30.4.2005, p. 10.