
Article 1 
Article 2 of Decision 2001/865/EC shall be replaced by the following:
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Article 2 
The authorisation granted under Article 1 shall expire on the date of entry into force of a directive rationalising the derogations pursuant to Article 27 of Directive 77/388/EEC which counter avoidance of value added tax linked to the exemption for investment gold or on the 31 December 2009, whichever is the earlier.'
Article 2 
This Decision is addressed to the Kingdom of Spain.
Done at Brussels, 7 December 2004.
For the Council
The President
G. ZALM