9.12. 88 Official Journal of the European Communities No L 339/1 ~ (Acts whose publication is obligatory) COMMISSION REGULATION (EEC) N° 3798/88 of 24 November 1988 laying down detailed rules concerning follow-up reports on projects granted financial aid in the framework of Community measures to improve and adapt structures in the fisheries and ‘aquaculture sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European . Economic Community, Having regard to Council Regulation (EEC) No 4028/86 of 18 December 1986 on Community measures to improve and adapt structures in the fisheries and aquaculture sector (1), and in particular Article 39 (3) thereof, Whereas, in accordance with Article 39 of Regulation (EEC) No 4028/86, the beneficiary should forward to the Commission, through the Member State concerned, a report on the results of the project (hereinafter referred to as ‘the follow-up report’); ‘ Whereas these follow-up reports should enable the Commission to make checks on Community expenditure and cumulatively contribute to information on the economic state and development of the fisheries sector, which is necessary to ensure the proper functioning of the structural element of the common fisheries policy; Whereas the follow-up reports, in particular on the financial results, should indicate clearly the operating costs and viability of projects, in particular with reference to those envisaged when community financial aid was granted to them; Whereas the information contained in follow-up reports should be presented in standard forms appropriate to the types of project; : Whereas beneficiaries of the Community grant should ensure that the follow-up report is forwarded at the time it is due; . Whereas the measures provided for in this Regulation are in accordance with the opinion of the Standing Committee on the Fishing Industry, (Y) O] No L 376, 31. 12. 1986, p. 7. HAS ADOPTED THIS REGULATION: Article 1 1. Follow-up reports, forwarded by the beneficiary through the Member State concerned, shall reach the Commission not later than three months after: the period fixed in Article 39 (1) of Regulation (EEC) No 4028/86, namely two years after the last payment of aid for projects referred to in Title II and in Article 11 (1) (a) and five years after the last payment of aid for projects referred to in Article 11 (1) (b) of the aforementioned Regulation. 2. The data which the follow-up report must contain are indicated in the Annex according to the types of project concerned. 3. If the report is not received by the due date it shall be considered that the beneficiary has not fulfilled the abligation laid down in Article 39 (1) of Regulation (EEC) No 4028/86. Article 2 If, after the last payment by the Commission, there are changes of ownership or status of the undertaking which is a beneficiary of Community aid in accordance with existing Community provisions, the notified report shall be forwarded by the new owner. In this event, the beneficiary shall remain responsible for ensuring that the obligations referred to in Article 1 (3) are fulfilled. Article 3 Comprehensive records on the results of the project shall be kept at the disposal of the Commission by the beneficiary for a period of three years after the forwarding of the follow-up report to the Commission. Article 4 This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.