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Article 1U.K.

The Agreement in the form of an exchange of letters amending the Agreement between the European Economic Community and the Republic of Iceland is hereby approved on behalf of the Community.

The text of the Agreement is annexed to this Regulation.

Article 2U.K.

The President of the Council is hereby authorized to designate the person empowered to sign the Agreement in order to bind the Community.

Article 3U.K.

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 1980.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 26 March 1980.

For the Council

The President

G. Marcora