8. 11. 86 Official Journal of the European Communities COMMISSION REGULATION (EEC) No 3416/86 of 7 November 1986 altering the specific agricultural conversion rates applicable in the rice sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1676/8S 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 2 (4) thereof, Having regard to Council Regulation (EEC) No 1677/85 of 11 June 1985 on monetary compensatory amounts in agriculture (%), as last amended by Regulation (EEC) No 2502/86 (%), and in particular Article 9 (2) thereof, Whereas by Commission Regulation (EEC) No 3294/86 () specific agricultural conversion rates to be applied in the rice sector were established ; whereas those conversion rates must be altered pursuant to Articles 2 and 3 of Commission Regulation (EEC) No 3153/85(9); Whereas Regulation (EEC) No 3153/85 lays detailed rules for the calculation of monetary compensatory amounts ; whereas the spot market rates for the pound sterling, recorded in accordance with Regulation (EEC) No 3153/85 during the period 29 October to 4 November 1986, require the specific agricultural conversion rates applicable for the United Kingdom to be altered pursuant to Article 9 (2) of Regulation (EEC) No 1677/8S, HAS ADOPTED THIS REGULATION : Article ¥ The Annex to Regulation (EEC) No 3294/86 is replaced by the Annex hereto. Article 2 This Regulation shall enter into force on 10 November 1986. : : This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 7 November 1986. () OJ No L 164, 24. 6. 1985, p. 1. () OJ No L 164, 24. 6. 1985, p. 6. () OJ No L 219, 6. 8. 1986, p. 8. () OJ No L 304, 30. 10. 1986, p. 25. () OJ No L 310, 21. 11. 1985, p. 4. For the Commission Frans ANDRIESSEN Vice-President No L 313/§ .