
Article 1 
Regulation (EC) No 1043/2005 is amended as follows:

1.. Article 27 is replaced by the following:
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Article 27 

1. Obligations deriving from certificates shall not be transferable. Rights deriving from certificates may be transferred by their titular holder during the period of their validity, provided that the rights deriving under each certificate or extract therefrom are transferred to a single transferee only. Such transfer shall relate to the amounts not yet attributed to the certificate or extract.
2. Transferees may not further transfer their rights but may transfer them back to the titular holder. Transfers back to the titular holder shall relate to quantities not yet attributed to the certificate or extract.In such cases, one of the entries set out in Annex VIII shall be made by the issuing authority in box 6 of the certificate.'
2.. In Article 32(2), the second subparagraph is replaced by the following:
'The authority responsible for payment shall record that amount on the refund certificate within six months of the date of receipt of the specific application.'
3.. In Article 38a, paragraph 2 is replaced by the following:
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2. Applications lodged in the course of each week shall be notified by Member States to the Commission on the following Monday. The corresponding certificates may be issued from the Wednesday following the notification, unless the Commission issues instructions to the contrary.'
4.. In Article 39, paragraph 2 is replaced by the following:
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2. Subject to the second and the third subparagraph, refund certificates shall be valid until the last day of the fifth month following the month in which the application for the certificate was made, or, until the last day of the budget period, whichever is the earlier.Refund certificates applied for in compliance with point (a) of Article 33 or Article 38a, at the latest on 7 November, shall be valid until the last day of the tenth month following the month in which the application for the certificate was made.The refund certificates referred to in Article 40 shall be valid until the last day of the fifth month following the month in which the application for the certificate was made.If refund rates are fixed in advance in accordance with Article 29, those rates shall remain valid until the last day of the period of validity of the certificate.'
5.. In Article 45, paragraph 2 is replaced by the following:
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2. Paragraph 1 shall apply only to certificates and extracts from certificates returned to the issuing authority during the budget period in respect of which the certificates have been issued, provided that they are returned not later than 31 August of that period.'
6.. In Article 47(2), the first subparagraph is replaced by the following:
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2. Article 46 shall apply to exports for which the applications submitted by the operator on the terms set out in Article 32(1) during the budget year, including the submission of the application for the export in question, shall not give rise to payment of more than EUR 100 000.'
Article 2 
This Regulation shall enter into force on the 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, 24 June 2008.
For the Commission
Günter VERHEUGEN
Vice-President