7.6.89 ‘Official Journal of the European Communities. No L 155/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EEC, EURATOM) No 1552/89 of 29 May 1989 ~ implementing Decision 88/376/EEC, Euratom on the system of the Communities’ own- resources : THE COUNCIL OF THE EUROPEAN COMMUNITIES, . Having regard to the Treaty establishing the European Community, and in particular Article 209 thereof, Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Article 183 thereof, ‘ Having regard to Council Decision 88/376/EEC, Euratom of 24 June 1988 on the system of the Communities’ own resources (1), and in particular Article 8 (2) thereof, Having regard to the proposal from the Commission (2), Having regard to the opinion of " the European Parliament (), Having regard to the opinion of the Court of Auditors (*), Whereasin the light of experience gained in applying Council Regulation (EEC, Euratom, ECSC) No 2891/77 of 19 December 1977 implementing the Decision of 21 April 1970 on the replacement of financial contributions from Member - States by the Communities’ own resources (), as amended by Regulation (ECSC, EEC, Euratom) No 1990/88 (¢), it appears that the provisions of that Regulation must be entirely redrafted; : Whereas the Community must have the own resources referred to in Article 2 of Decision 88/376/EEC, Euratom available i the best possible conditions and.accordingly arrangements must be laid down for the States to provide the Commission, with the own resources allocated to ..the Communities; . Whereas traditional own resources are levied by the Member States- in accordance with laws, regulations and (1) O] No L 185, 15. 7.1988,p. 24. {2) OJNo C 255,1. 10. 1988, p. 5, and O] No C80, 31. 3. 1989, p- 8. (3) O] No C 12, 16. 1. 1989, p. 42. (*) OJ No C 313, 8. 12. 1988, p. 31. (*) OJ No L 336, 27.12.1977; p. 1. () OJNo L 176,7.7.1988, p. 1. administrative provisions that are, where necessary, adapted to the requirements of Community regulations; Whereas the concept of establishment must be defined in respect of the own resources referred to in Article 2 (1) (a)and {b) of the said Decision; Whereas separate accounts should be kept for entitlements which have not been recovered; whereas these accounts and the submission of a quarterly statement of such accounts should enable the Commission to monitor more closely the action taken by Member States to collect own resources, and particularly those compromised by fraud or irregularities; Whereas provision should be made, as regards the own resources accruing from value added tax, hereinafter called ‘VAT resources’, referred to in Article 2 (1) (c) of the said Decision, for Member States to make available to the Community, in the form of constant monthly twelfths, the own resources entered in the budget and subsequently to adjust the amounts made available in accordance with the actual base of VAT resources as soon as it is fully known; Whereas this procedure is also to apply to the additional resource referred to in Article 2 (1) (d) of the said Decision, hereinafter referred to as ‘the additional resource’, created in accordance with Council Directive 89/130/EEC, Euratom of 13 February 1989 on the harmonization of the compilation of the gross national product at- market prices (7); Whereas the own. resources must be made available in the form of an entry of the amounts due in an account opened for this purpose in the name of the Commission with the Treasury or with the body appointed by each Member State; whereas in order to restrict the- movements of funds to that which:is necessary for the implementation of the budget, the Community must confine itself to drawing on the abovementioned accounts solely to cover the Commission’s cash requirements; () OJ No L 49, 21, 2. 1989, p. 26.