In this task, you are provided with an article of the legal acts. Your task is to classify it into three categories (Regulation, Decision and Directive) based on its content: 1) Regulation is a binding legislative act that must be applied in its entirety on a set date across all the member states (European Union countries). 2) Decision is binding on those to whom it is addressed (e.g. an European Union country or an individual company) and is directly applicable. 3) Directive is a legislative act that sets out a goal that all  must achieve. However, it is up to the individual countries to devise their own laws on how to reach these goals.
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Question: 1.xa0xa0xa0The Agreement in the form of an exchange of letters between the European Economic Community and the Bank for International Settlements concerning the mobilization of claims held by Member States under the medium-term financial assistance arrangements is hereby approved on behalf of the Community.2.xa0xa0xa0The text of the Agreement is annexed to this Decision. The President of the Council is hereby authorized to designate the person empowered to sign the Agreement in order to bind the Community.

Answer: Decision


Question: The schemes of the various Länder of the Federal Republic of Germany for the provision of socio-economic guidance for the agricultural Community in the Federal Republic of Germany, as notified by the Government of the said Federal Republic on 17 October 1974, satisfy the conditions for financial contribution from the Community to common measures as referred to in Article 8 of Directive No 72/161/EEC. This Decision is addressed to the Federal Republic of Germany.

Answer: Decision


Question: Directive 72/464/EEC shall be amended as follows:    1. In Article 1 (3) the words 'at least six months' shall be substituted for 'at least one year'.2. In Article 7 (1) the words 'period of 54 months' shall be substituted for 'period of 48 months'. This Directive is addressed to the Member States.

Answer:
Directive


