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Legislation archive

Commission letter to Member States SG(89) D/12772 of 12 October 1989

Dear Sir

By letter dated 5 April 1989, I sent you a Commission communication concerning State guarantees.

Several Member States have since told the Commission that the communication appears to oblige Member States to notify all cases where a guarantee is given. I should therefore like to make it clear that the Commission intends only to examine schemes establishing guarantees and not every case in which a guarantee is granted under the scheme, except where a guarantee is granted outside a scheme.

As specified in the communication, the Commission will approve the award of guarantees only if it is contractually subject to specific conditions. If the latter are correctly provided for in the schemes, the Commission will accept such awards without prior notification.

Yours faithfully

  
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