Commission Delegated Regulation (EU) No 727/2013 of 14 March 2013 amending Annex II to Regulation (EU) No 1233/2011 of the European Parliament and of the Council on the application of certain guidelines in the field of officially supported export credits

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits and repealing Council Decisions 2001/76/EC and 2001/77/EC (1) and in particular Article 2 thereof,

Whereas:

(1) Regulation (EU) No 1233/2011 lays down that the guidelines contained in the Arrangement on Officially Supported Export Credits of the Organisation for Economic Cooperation and Development (‘OECD’) ("the Arrangement") is to apply in the Union, the text of the Arrangement being contained in Annex II to that Regulation.

(2) Regulation (EU) No 1233/2011 requires the Commission to adopt delegated acts to amend Annex II as a result of amendments to the guidelines agreed upon by the Participants to the Arrangement.

(3) The Participants to the Arrangement have agreed upon a substantial number of amendments to it as compared with the version of the Arrangement contained in Annex II to Regulation (EU) No 1233/2011.

(4) On 27 August 2012, the OECD published a revised version of the Arrangement which takes into account all those amendments and which is applicable as from 1 September 2012. It is appropriate and necessary to incorporate the said amendments into Union legislation.

(5) Regulation (EU) No 1233/2011 should therefore be amended accordingly,

HAS ADOPTED THIS REGULATION:

Article 1

Annex II to Regulation (EU) No 1233/2011 is replaced by the text set out in the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 14 March 2013.

For the Commission The President José Manuel BARROSO

(1) OJ L 326, 8.12.2011, p. 45.