“No L 348/32 Official Journal of the European Communities 10. 12. 86 COMMISSION REGULATION (EEC) No 3749/86 - of 9 December 986 determmmg the operative event for calculating levies and refunds in the rice © sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establlshmg the European Economic Community, Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (') and in particular Article § (3) thereof, Whereas, in accordance with Commission Regulation (EEC) No 3294/86 (3), the conversion rate is to be deter- mined using a monetary coefficient which is calculated and applied in a way similar to the way the monetary compensatory amounts are calculated ; Whereas, in accordance with Article 4 of Regulation (EEC) No 1676/8S, if an agricultural conversion rate is altered, the alteration is to apply to the amounts jin respect of which the operative event occurs after the alteration has taken effect; whereas, in accoerdance with Atticle 5 (1) (a) of that Regulation, ‘operative event’ means, as regards the amounts charged or granted in trade, the completion of customs import or export formalities ; Whereas, as a result, amounts of levies and refunds fixed in advance may vary in national currency; whereas the advance fixing of levies and refunds therefore constitutes an risk for operators; whereas, as a consequence, the operative event should be defined as the date of acceptance of the application for the advance fixing of - levies or refunds for the purposes of applying the conver- sion rate for calculating those amounts in national currency ;- 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 The operative event for the conversion into national currency of the amounts of levies and refunds applicable in the rice sector shall be: — in the case of advance fixing of those amounts, the day on which the application for advance fixing is lodged, — in the case of advance fixing by tendenng procedure, " the closing date for the submission of tenders. 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 direétly applicable in all Member States. Done at Brussels, 9 December 1986. () OJ No L 164, 24. 6. 1985, p. 1. () OJ No L 304, 30. 10. 1986, p. 25. For the Commission Frans ANDRIESSEN' " Vice-President -