No L 6/14 Official Journal of the European Communities 9. 1. 91 COMMISSION REGULATION (EEC) No 45/91 of 8 January 1991 laying down detailed rules for applying the supplementary trade mechanism to _ imports of rice into Portugal THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to the Act of Accession of Spain and Portugal, and in particular Article 251 thereof, Having regard to Council Regulation (EEC) No 569/86 of 25 February 1986 laying down general rules for the appli- cation of the supplementary mechanism applicable to trade ('), as last amended by Regulation (EEC) No 3296/88 (®), and in particular Article 7 (1) thereof, Whereas Council Regulation (EEC) No 3659/90 of 11 December 1990 on products subject to the supplementary trade mechanism during the second stage of Portuguese accession (°) provides that the STM is to apply during the second stage on the terms set out in Articles 250, 251 and 252 of the Act of Accession ; whereas in the case of rice falling within CN code 1006, but not including codes 1006 10 10 and 1006 40 00, the STM is to apply during periods which are critical to the marketing of rice produced in Portugal ; Whereas Article 251 (1) of the Act of Accession provides for the fixing of a target -import ceiling taking into account Portugal’s traditional import flows and the gradual opening up of the Portuguese market; whereas, during the period starting with the entry into force of this Regulation and ending on 28 February 1991, a pro rata target ceiling of 10 000 tonnes of husked-rice equivalent should be fixed; whereas the quantity of rice falling within CN code 1006 30 should be fixed as a subtotal of this ; Whereas the target ceiling is to be fixed in tonnes of husked-rice equivalent; whereas. it should be specified that the conversion rates referred to in Arsticle 1 of Commission Regulation No 467/67/EEC of 21 August 1967 fixing the conversion rates, the processing costs and the value of the by-products for the various stages of rice processing (%), as last amended by Regulation (EEC) No 2325/88 (%), apply for converting to tonnes of husked-rice equivalent the quantities given in STM licences as issued ; Whereas, to Vprevent speculative applications for STM licences, the validity of such licences should be fixed at a () OJ No L 55, 1. 3. 1986, p. 106. () OJ No L 293, 27. 10. 1988, p. 7. () OJ No L 362, 27. 12. 1990, p. 38. () OJ No 204, 24. 8. 1967, p. 1. () OJ No L 202, 27. 7. 1988, p. 41. relatively short duration which is sufficient for the completion of the import operation(s) under normal conditions ; whereas, to ensure that licence obligations are properly observed, holders of STM licences should be required to lodge a security; Whereas the Management Committee for Cereals has not delivered an opinion within the time limit set by its chairman, v HAS ADOPTED THIS REGULATION : Article 1 The measures provided for in this Regulation shall apply to the products referred to in point 7 of the Annex to Regulation (EEC) No 3659/90. Article 2 1. The target ceiling referred to in Article 251 of the Act of Accession is hereby fixed at 10 000 tonnes of husked-rice equivalent for the period starting with the entry into force of this Regulation and ending on 28 February 1991. 2. Asasubtotal of the quantity referred to in paragraph 1, the target ceiling for products falling within CN code 1006 30 is hereby fixed at 25 %. 3. The conversion rates provided for in Article 1 of Regulation No 467/67/EEC shall apply for converting to husked-rice equivalent the quantities covered by STM licences. Article 3 1.  STM licences for imports of rice shall be valid from the date of issue until the end of the second month follo- wing their issue. 2.  Applications for STM licences shall be accompanied by the lodging of a security of 10 Ecus per tonne of rice covered. Article 4 This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Communities.