20.4.2005 Official Journal of the European Union L 100/11 COMMISSION REGULATION (EC) No 605/2005 of 19 April 2005 amending Regulation (EC) No 296/96 on data to be transmitted by the Member States and the monthly booking of expenditure financed under the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (EAGGF) THE COMMISSION OF THE EUROPEAN COMMUNITIES, (5)  Payments made by the Commission under the budget of the EAGGF Guarantee Section are exclusively in euro. The Member States may choose to make payments to beneficiaries in euro or in their national currency. However, the paying agencies of those Member States Having ?egard to the Treaty establishing the European not participating in the euro making payments in Community, national currency and in euro must keep separate accounts for the two currencies. To avoid converting these payments twice, the option of declaring amounts paid in euro in national currency should be abolished. Having regard to Council Regulation (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural policy (1), and in particular Articles 5(3) and 7(5) thereof, (6)  Where, on the basis of the declarations of expenditure received from the Member States, the total amount of advance commitments which could be authorised under Whereas: Article 150(3) of Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (%) is more than half of all corresponding appropriations for the current financial year, the (1)  In accordance with Article 3 of Commission Regulation Commission is required to reduce those amounts. For (EC) No 296/96 (%), the Commission is kept informed at the sake of sound management that reduction must be regular intervals of expenditure incurred by the Member shared among all the Member States proportionally, on States. To avoid unnecessary notifications, provision the basis of the declarations of expenditure received from should be made for this information to be sent every them. month without affecting the Member States’ obligation to keep information drawn up on a weekly basis available to the Commission, so as to allow proper moni- toring of expenditure. (7)  If the Community budget has not been adopted by the beginning of the financial year, the second subparagraph of Article 13(2) of Regulation (EC, Euratom) No 1605/2002 provides that payments may be made (2)  Some of the information to be sent by the Member monthly per chapter to a maximum of one twelfth of States should be sent electronically in digital form to the allotted appropriations in the chapter in question of enable the Commission to use it directly for accounts the preceding financial year. To allocate the available management. However, forwarding by other means appropriations  fairly among the Member States, must continue to be possible in justified cases. provision should be made for advances to be granted in this case as a percentage, laid down for each chapter, of the declarations of expenditure submitted by each Member State and for the balance not used in a given month to be reallocated in Commission decisions (3)  To simplify and streamline administrative procedures, on subsequent monthly payments, simultaneous forwarding of a copy of the information on paper should now only be required for the monthly summaries. (8)  As part of the reform of the CAP and the introduction of the single farm payment scheme, Member State (4)  In practice, indicating certain quantities and areas in the compliance .With the payment deadliqes is Vita.I to .the detailed declarations submitted by the Member States is proper application of the rules on financial discipline. Specific rules should therefore be laid down to help avoid, wherever possible, any risk of the annual appro- priations available in the Community budget being exceeded. of little value for the monthly advances. As a result, that information should no longer be required. () OJ L 160, 26.6.1999, p. 103. (® OJ L 39, 17.2.1996, p. 5. Regulation as last amended by Regulation - (EQ) No 1655/2004 (O] L 298, 23.9.2004, p. 3). () OJ L 248, 16.9.2002, p. 1.