No L 355/24 Official Journal of the European Communities 16. 12. 86 COMMISSION REGULATION (EEC) No 3818/86 of 15 December 1986 amending Regulation (EEC) No 2042/75 on special detailed rules for the application of the system of import and export licences for cereals and rice THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 2727/75 of 29 October 1975 on the common organization of the market in cereals ('), as last amended by Regulation (EEC) No 1579/86 (3, and in particular Articles 12 (2), 15 (5) and 16 (6) thereof, Whereas the export refund for certain cereal-based compound feedingstuffs destined for North Yemen has been fixed at a higher level than the export refunds for other destinations ; . Whereas as a result of this temporary measure it was necessary to reduce the period of wvalidity of export licences for such exports to 30 days to avoid disruption of the export market in question and to discourage long- term speculative trading ; Whereas, however, experience has shown that a period of 60 days would be more appropriate ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals, HAS ADOPTED THIS REGULATION : Article 1 Commission Regulation (EEC) No 2042/75 (3) ia amended as follows : Table A of Annex II is hereby replaced by the Annex to this Regulation. Article 2 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 15 December 1986. () OJ No L 281, 1. 11. 1975, p. 1. () OJ No L 139, 24. 5. 1986, p. 29. For the Commission Frans ANDRIESSEN Vice-President ¢) OJ No L 281, 1. 11. 1975, p. 57.