After the end of the period of application of the single area payment scheme according to Article 143b and where Article 68(2)(a)(i) is applied, the allocation of the individual ceilings to producers and the setting up of the national reserve referred to in the second subparagraph shall take place no later than the end of the first year of the application of the single payment scheme".

It should be noted that on 2 March 2004, Eurostat, the Statistical Office of the European Communities, published a decision on the classification of some funded pension schemes where government is involved either as a manager of the flows of contributions and pension benefits or as a guarantor for the risk of defaulting on payment of pensions.

Classification of funded pension schemes

Classification of funded pension schemes 9

The principal foundations of the previous treaties remained in place in the Single Convention.[53] Parties were still required to submit estimates of their drug requirements and statistical returns on the production, manufacture, use, consumption, import, export, and stockpiling of drugs.[54] The import certification system created by the 1925 Geneva Convention was maintained. Parties were required to license all manufacturers, traders and distributors, and all transactions involving drugs had to be documented.[55] The Single Convention built on the trend of requiring Parties to develop increasingly punitive criminal legislation.

The aim of the first regulation concerning the application of minimum reserves is to provide a system for the imposition of minimum reserves and to structure it in such a way that this system shall be an effective instrument for the performance of money market management and monetary control functions.