
Article 1 

1. For the purpose of fixing the adjustment rate provided for in Articles 25 and 26 of Regulation (EU) No 1306/2013, and in accordance with Article 8(1) of Regulation (EU) No 1307/2013, the amounts of direct payments under the support schemes listed in Annex I to Regulation (EU) No 1307/2013 to be granted to farmers in excess of EUR 2 000 for an aid application submitted in respect of the calendar year 2020 shall be reduced by an adjustment rate of 2,906192 %.
2. The reduction provided for in paragraph 1 shall not apply in Croatia.
Article 2 
Implementing Regulation (EU) 2020/862 is repealed.
Article 3 
This Regulation shall enter into force on the seventh day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 December 2020.This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 30 November 2020.
For the Commission
The President
Ursula VON DER LEYEN