In carrying out the process of further privatisation of state-owned companies, the Government will take into account the social dialogue and co-operation of all partners and provide legal possibilities for internal buyout with the appropriate systemic solutions.

It is therefore necessary to lay down in Commission Regulation (EC) No 2771/1999(2) detailed rules with regard to an intervention system for the buying-in of butter at fixed prices.

All the existing daily newspapers (except for Slovenske novice) originate from the previous system and they were privatized through internal buyouts and internal distribution of shares.

whereas some of the intervention purchases have been stored in the form of boned beef in order to improve the intervention system in accordance with Commission Regulation (EEC) No 2226/78, as last amended by Regulation (EEC) No 1763/79;

whereas, in the milk sector, in order to stabilise markets and to ensure a fair standard of living for the agriculture community, it is necessary that the intervention agencies, based on a single price system, may take intervention measures on the market including the buying-in of butter and skimmed milk powder and the grant of private storage aids for these products;

Whereas, as far as oil seeds are concerned, farmers can be protected against any risks which may arise, despite the proposed system of subsidies, from the unsettled state of the market by intervention machinery involving the buying-in of quantities offered to the competent agencies at intervention prices which must, because the area of production is extensive and processing centres few, be fixed in the light of natural conditions of price formation;

It is therefore necessary to lay down in Commission Regulation (EC) No 2771/1999 fn detailed rules with regard to an intervention system for the buying-in of butter at fixed prices.

whereas the scheme should therefore be revised by restricting public buying-in, which should restore the market price to its essential role as a guide of supply and demand;

(6) To prevent the system of intervention becoming an outlet in itself, the quantities bought in by the intervention agencies should be limited to 75000 tonnes per year and the intervention period should be limited to four months.

whereas some of the intervention purchases have been stored in the form of boned beef in order to improve the intervention system in accordance with Commission Regulation (EEC) No 2226/78 (3), as last amended by Regulation (EEC) No 1763/79 (4);

The purchasers and agents referred to in the preceding paragraphs shall maintain and keep up to date an accounting system which permits the destination and use of the products to be ascertained with a view in particular to ensuring that the quantities of products purchased and manufactured tally.

(14) In order to ensure that administration of the scheme remains sufficiently flexible, the Member States should be authorised to reallocate unused reference quantities at the end of a period, either nationally or among purchasers.

(12) In order to ensure that the scheme runs effectively, the contribution to the levy due from the producers should be collected by the purchasers, who are in the best position to carry out the necessary transactions and who should therefore be given the means to ensure that they can collect this contribution.

(ii) on the basis of the sums so established, a calculation shall be made by the NCB (as at the repurchase date) of what is due from each party to the other and the sums due from one party shall be set off against the sums due to the other and only the net balance shall be payable by the party having the claim thereby valued at the lower amount and such net balance shall be due and payable on the next day on which all relevant parts of Target are operational to effect a payment.

whereas quota buy-back arrangements should be introduced to help producers who wish to leave the sector but find no purchasers for their quotas;

In order to facilitate the voluntary departure from the sector by individual producers, a quota buy-back programme with corresponding reduction of the guarantee thresholds referred to in Article 8 shall be set up.

Whereas the system of public buying-in constitutes a production incentive which is liable to destabilise the market;

The risks of irregularities are particularly high when carcases bought in are boned systematically.

It is therefore necessary to lay down in Commission Regulation (EC) No 2771/1999(2) detailed rules with regard to an intervention system for the buying-in of butter at fixed prices.

To prevent the system of intervention becoming an outlet in itself, the quantities bought in by the intervention agencies should be limited to 75000 tonnes per year and the intervention period should be limited to four months.

In so far as prices are concerned, the issuer must not, when executing trades under a "buy-back" programme, purchase shares at a price higher than the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out.

In order to ensure that administration of the scheme remains sufficiently flexible, the Member States should be authorised to reallocate unused reference quantities at the end of a period, either nationally or among purchasers.

definition, on the basis of a proposal from the Member State, of sensitive production areas and/or groups of high-quality varieties to be exempted from the quota buy-back system, which may not affect more than 25 % of each Member State's guarantee threshold,

In order to ensure that the scheme runs effectively, the contribution to the levy due from the producers should be collected by the purchasers, who are in the best position to carry out the necessary transactions and who should therefore be given the means to ensure that they can collect this contribution.

Pending further coordination, the competent authorities shall require institutions to set up systems to monitor and control their underwriting exposures between the time of the initial commitment and working day one in the light of the nature of the risks incurred in the markets in question;

whereas collateral security is meant to comprise all means provided by a participant to the other participants in the payment and/or securities settlement systems to secure rights and obligations in connection with that system, including repurchase agreements, statutory liens and fiduciary transfers;

'collateral security` shall mean all realisable assets provided under a pledge (including money provided under a pledge), a repurchase or similar agreement, or otherwise, for the purpose of securing rights and obligations potentially arising in connection with a system, or provided to central banks of the Member States or to the future European central bank.

Since products bought in can also be sold after 1 January 2002, when the system of compulsory labelling based on origin laid down by Regulation (EC) No 1760/2000 of the European Parliament and of the Council of 17 July 2000 establishing a system for the identification and registration of bovine animals and regarding the labelling of beef and beef products and repealing Regulation (EC) No 820/97(5) will apply, the labels of products intended for intervention pursuant to contracts concluded on or after 12 February 2001 (i.e. with effect from the first invitation to tender in the month of February) should be required to include an indication of the country or countries of birth and fattening of the animals concerned, in accordance with Article 13(5) of Regulation (EC) No 1760/2000, together with the indications laid down in Article 2(2) of Commission Regulation (EC) No 1825/2000(6) laying down detailed rules for the application of Regulation (EC) No 1760/2000, as appropriate.