
Article 1 
For the purposes of application of the Agreement between the European Economic Community and the Republic of Iceland, Decision No 5/81 of the Joint Committee shall apply in the Community.
The text of the Decision is attached to this Regulation.
Article 2 
This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.
It shall apply with effect from 1 January 1982.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 25 May 1982.
For the Council
The President
L. TINDEMANS