
Article 1 
In Article 80(2) of Regulation (EC) No 1122/2009, the first subparagraph is replaced by the following:
'
2. Interest shall be calculated for the period elapsing between the payment deadline for the farmer indicated in the recovery order, which shall not be set at more than 60 days, and the date of either repayment or deduction.'.
Article 2 
In Article 5(2) of Regulation (EU) No 65/2011, the first subparagraph is replaced by the following:
'
2. Interest shall be calculated for the period elapsing between the payment deadline for the beneficiary indicated in the recovery order, which shall not be set at more than 60 days, and the date of either repayment or deduction.'.
Article 3 
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.
It shall apply in respect of recovery orders issued from 16 October 2012.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 12 October 2012.
For the Commission
The President
José Manuel BARROSO