### multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking due account of interactions between stocks and fisheries . ### multiannual plans shall cover either fisheries exploiting single fish stocks or , in the case of mixed fisheries , those exploiting a mixture of stocks , in line with the objectives established in articles 2 and 3 .


### fishing opportunities allocated to member states shall ensure each member state relative stability of fishing activities for each fish stock or fishery . the interests of each member state shall be taken into account when new fishing opportunities are allocated . ### the council , acting by qualified majority on a proposal from the commission , shall decide on catch and / or fishing effort limits and on the allocation of fishing opportunities among member states as well as the conditions associated with those limits . fishing opportunities shall be distributed among member states in such a way as to assure each member state relative stability of fishing activities for each stock or fishery . 2 . the interests of each member state shall be taken into account when the union establishes new fishing opportunities , with the council deciding how those opportunities are to be allocated . 3 . each member state shall decide , for vessels flying its flag , on the method of allocating the fishing opportunities assigned to that member state in accordance with community law . it shall inform the commission of the allocation method . 4 . the council shall establish the fishing opportunities available to third countries in community waters and allocate those opportunities to each third country . 5 . member states may , after notifying the commission , exchange all or part of the fishing opportunities allocated to them .


### content of multiannual plans a multiannual plan shall include : the scope , in terms of stocks , fishery and the marine ecosystem to which the multiannual plan shall be applied ; objectives consistent with the objectives set out in articles 2 and 3 ; quantifiable targets expressed in terms of : fishing mortality rates , and / or ii ) spawning stock biomass , and iii ) stability of catches . clear time frames to reach the quantifiable targets ; technical measures including measures concerning the elimination of unwanted catches ; quantifiable indicators for periodic monitoring and assessment of the progress related to achieving the targets of the multiannual plan ; specific measures and objectives for the freshwater part of the life cycle of anadromous and catadromous species ; minimisation of impacts of fishing on the eco - system ; safeguards and criteria activating those safeguards ; any other measures suitable to achieve the objectives of multiannual plans . ### content of multiannual plans a multiannual plan shall include : the scope , in terms of geographical area , stocks , fisheries and the marine ecosystems to which the multiannual plan shall be applied ; objectives that are consistent with objectives set out in articles 2 and 3 and with the relevant provisions of articles 6a , 9 and 10 of this regulation an assessment of fleet capacity and , where fishing capacity is not in an effective balance with the available fishing opportunities , a capacity reduction plan including a timeline and the specific steps to be undertaken by each member state concerned that will result in the alignment of such fishing capacity with the available fishing opportunities within a binding timetable such assessment should include an evaluation of the socioeconomic dimension of the fleet under investigation , without prejudice to the obligations laid down in art . 34 ; an assessment of the unwanted impacts of fishing on the eco - system and the marine environment , in accordance with union law and international agreements , as well as an assessment of the socio - economic impact of the measures taken in the multiannual plan ; quantifiable targets expressed in terms of : fishing mortality rates , and / or ii ) spawning stock biomass , and iia ) maximum percentages of unwanted and unauthorised catches iib ) maximum annual changes in fishing opportunities iic ) fisheries related descriptors of good environmental status as set out in directive 2008 / 56 / ec and decision 2010 / 477 / eu clear time frames to reach all the quantifiable targets conservation and technical measures to be taken in view of achieving the targets set out in article 15 of this regulation and measures designed to avoid and as far as possible eliminate unwanted catches quantifiable indicators for periodic monitoring and assessment of the progress related to achieving the targets of the multiannual plan and of its socio - economic impact ; specific measures and objectives for the freshwater part of the life cycle anadromous and catadromous species , where appropriate ; measures for the reduction of impacts of fishing on the eco - system ; safeguards and criteria activating those safeguards ; ia ) measures to ensure compliance with provisions of the multiannual plan . j ) any other suitable and proportionate measures to achieve the objectives of multiannual plans . 1a . multiannual plans shall provide for their periodic review to assess progress made towards reaching their objectives , in particular to take account new elements , such as changes in the scientific advice and to allow for any necessary intermediate adjustments .


### a member state may take non - discriminatory measures for the conservation and management of fish stocks and to minimise the effect of fishing on the conservation of marine eco - systems within 12 nautical miles of its baselines provided that the union has not adopted measures addressing conservation and management specifically for that area . the member state measures shall be compatible with the objectives set out in articles 2 and 3 and no less stringent than those in existing union legislation . ### a member state may take non - discriminatory measures for the conservation and management of fish stocks and to minimise the effect of fishing on the conservation of marine eco - systems within 12 nautical miles of its baselines provided that the union has not adopted measures addressing conservation and management specifically for that area or specifically addressing the problem identified by the member state in question . the member state measures shall be compatible with the objectives set out in articles 2 and 3 and shall not conflict with and shall be coherent with those in existing union legislation .


### tasks of advisory councils advisory councils may : submit recommendations and suggestions on matters relating to fisheries management and aquaculture to the commission or to the member state concerned ; inform the commission and member states of problems relating to fisheries management and aquaculture in their area of competence ; contribute , in close cooperation with scientists , to the collection , supply and analysis of data necessary for the development of conservation measures . 2 . the commission and , where relevant , the member state concerned , shall reply within a reasonable time period to any recommendation , suggestion or information received pursuant to paragraph 1 . ### tasks of advisory councils - 1 . prior to the adoption of any proposal for measures to be adopted on the basis of article 43 tfeu , such as multiannual plans or technical measures frameworks , and for measures to be adopted pursuant to article 55 , the commission shall seek the opinion of advisory councils that relate specifically to the fisheries in the geographical area concerned . this consultation shall be without prejudice to the consultation of ices or other appropriate scientific bodies . advisory councils may : submit recommendations and suggestions on matters relating to the management of fisheries and the socio - economic and conservation aspects of fisheries and aquaculture to the commission , and to the member state concerned ; inform the commission and member states of problems relating to the management and the socio - economic and conservation aspects of fisheries and , where appropriate , of aquaculture in their area or sphere of competence and propose solutions to overcome these problems ; contribute , in close cooperation with scientists , to the collection , supply and analysis of data necessary for the development of conservation measures . issue opinions on the draft conservation measures as described in article 17 and the draft technical measures as described in article 21 and submit them to the commission and the member states directly concerned by the fishery or area in question ; 2 . the commission and , where relevant , the member state concerned , shall take due account of the advisory councils ' opinions , recommendations , suggestions or information received pursuant to paragraph - 1 and 1 and shall reply to these submissions within not more than 30 working days , and in any event before the final measures have been adopted . where the final measures adopted diverge from the advisory councils ' opinions , recommendations and suggestions received pursuant to paragraph - 1 and 1 , the commission or the member state concerned shall provide detailed explanation of the reasons why they diverge .


### objectives the union shall participate in the activities of international organisations dealing with fisheries , including regional fisheries management organisations in line with international obligations and policy objectives and consistent with the objectives set out in articles 2 and 3 . 2 . the positions of the union in international organisations dealing with fisheries and rfmos shall be based on the best available scientific advice to ensure that fishery resources are maintained above or restored above levels capable of producing maximum sustainable yield . 3 . the union shall actively contribute to and support the development of scientific knowledge and advice in rfmos and international organisations . ### objectives with a view to ensuring the sustainable exploitation and management of maritime biological resources , the union shall promote the effective implementation of international fisheries instruments and regulations , and support the activities of and participate in international organisations dealing with fisheries , including regional fisheries management organisations in line with international commitments , obligations and policy objectives being consistent with the objectives set out in articles 2 , 3 and 4 of this regulation and other eu policies . 2 . in particular the union shall : actively support , promote and contribute to the development of the best available scientific knowledge and comply with union law ; it shall promote measures to ensure that fishery resources are maintained consistent with the objectives of article 2 , in particular with its paragraphs and 4 . it shall further promote the establishment and strengthening of rfmo compliance committees , periodical independent performance reviews and appropriate remedial actions , including dissuasive and effective sanctions , which need to be applicable in a transparent and non - discriminatory fashion . improve policy coherence of union initiatives , with particular regard to environmental , development and trade activities . promote and support , in all international spheres , the necessary action to eradicate illegal , unreported and unregulated fishing . to this end , it shall ensure that no iuu fisheries products enter the eu market ; contributing therefore to sustainable fishing activities that are economically viable and promote employment within the union shall encourage and take an active part in joint international efforts to combat piracy at sea , with a view to ensuring the safety of human life and preventing the disruption of maritime fishing activities . promote effective implementation of international fisheries instruments and regulations ensure that fishing activities outside union waters are based on the same principles and standards upheld in union waters while promoting the application by the rfmos of the same principles and standards as are applied in union waters .


### multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking due account of interactions between stocks and fisheries . ### multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking due account of interactions between stocks , fisheries and the marine ecosystem . the plan shall include specific conservation measures for the most vulnerable stock covered by the plan . '


### a member state may take non - discriminatory measures for the conservation and management of fish stocks and to minimise the effect of fishing on the conservation of marine eco - systems within 12 nautical miles of its baselines provided that the union has not adopted measures addressing conservation and management specifically for that area . the member state measures shall be compatible with the objectives set out in articles 2 and 3 and no less stringent than those in existing union legislation . ### a member state may take non - discriminatory measures for the conservation and management of fish stocks and to meet targets relating to other living aquatic resources and the maintenance or improvement of the conservation status of marine eco - systems within 12 nautical miles of its baselines provided that the union has not adopted measures addressing conservation and management specifically for that area or specifically addressing the problem identified by the member state in question . the member state measures shall be compatible with the objectives set out in articles 2 and 3 and no less stringent than those in existing union legislation .


### conditions for financial assistance towards operators union financial assistance towards operators shall be conditional upon compliance with the rules of the common fisheries policy by operators . 2 . serious infringements by operators of the rules of the common fisheries policy shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures shall be proportionate to the nature , extent , duration and repetition of serious infringements . 3 . member states shall ensure that union financial assistance is granted only if no sanctions for serious infringements have been imposed to the concerned operator within a period of 1 year prior to the date of application for union financial assistance . ### conditions for financial assistance towards operators union financial assistance toward operators shall be conditional upon operators ' compliance with the rules of the common fisheries policy and with national legal acts based on the environmental directives mentioned in art . 12 . financial assistance shall not be granted to an operation that jeopardise the sustainability and conservation of marine biological resources , biodiversity , habitats and ecosystems . 2 . serious infringements by operators of the rules of the common fisheries policy and of the legal acts stated in paragraph 1 shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures , implemented by the member state , shall be dissuasive , effective and proportionate to the nature , extent , duration and repetition of serious infringement . 3 . member states shall ensure that union financial assistance is granted only if no serious infringements have been committed by the concerned operator , within a period of at least 3 years prior to the date of application for union financial assistance .


### – ' end - user of scientific data ' means a body with a research or management interest in the scientific analysis of data in the fisheries sector ; ### – ‘ end - user of scientific data’ means a research body , or a management body with an interest in the scientific analysis of data in the fisheries sector ;


### ‘ ecosystem - based approach to fisheries management’ means an approach ensuring that benefits from living aquatic resources are high while the direct and indirect impacts of fishing operations on marine ecosystems are low and not detrimental to the future functioning , diversity and integrity of those ecosystems ; ### ‘ ecosystem - based approach to fisheries management’ means the guidelines for preserving the biological diversity and the composition , structure and functioning of ecosystems whose natural resources which help , through fishery , to satisfy human needs ;


### scope the common fisheries policy shall cover : conservation , management and exploitation of marine biological resources ; and fresh water biological resources , aquaculture , and the processing and marketing of fisheries and aquaculture products , in relation to measures on markets and financial measures in support of the common fisheries policy . 2 . the common fisheries policy shall cover the activities referred to in paragraph 1 where they are carried out : on the territory of member states ; or in union waters , including by fishing vessels flying the flag of , and registered in , third countries ; or by union fishing vessels outside union waters ; or by nationals of member states , without prejudice to the primary responsibility of the flag state . ### scope the common fisheries policy shall cover : the conservation of marine biological resources , sustainable exploitation and management of fisheries targeting such resources ; the conservation of fresh water biological resources , aquaculture and the processing and marketing of fisheries and aquaculture products , in relation to measures on markets and financial measures in support of the common fisheries policy , structural measures and the management of the fleet capacity ; the social and economic viability of fishing activities , the promotion of employment in , and the development of coastal communities , the specific problems of small scale and artisanal fishing and aquaculture . 2 . the common fisheries policy shall cover the activities referred to in paragraph 1 where they are carried out : on the territory of member states ; or in union waters , including by fishing vessels flying the flag of , and registered in , third countries ; or by union fishing vessels outside union waters , or by nationals of member states , without prejudice to the primary responsibility of the flag state .


### conducting pilot projects on alternative types of fishing management techniques . ### conducting pilot projects on alternative types of fishing management techniques and selective , low - impact fishing gears and fishing techniques .


### research programs member states shall adopt national fisheries scientific data collection , research and innovation programs . they shall coordinate their fisheries data collection , research and innovation activities with other member states and union research and innovation frameworks . ### research programs member states shall adopt national fisheries and aquaculture scientific data collection , research and innovation programmes . they shall coordinate their fisheries data collection , research and innovation activities with other member states in close cooperation with the commission in the context of the union research and innovation frameworks , involving where appropriate the relevant advisory councils .


### multiannual plans providing for conservation measures to maintain or restore fish stocks above levels capable of producing maximum sustainable yield shall be established as a priority . ### multiannual plans providing for management targets to maintain fish stocks at or restore them to levels capable of producing maximum sustainable yield shall be established as a priority .


### types of conservation measures measures for the conservation of marine biological resources may include the following : adopting multiannual plans under articles 9 - 11 ; establishing targets for the sustainable exploitation of stocks ; adopting measures for the purpose of adapting the number of fishing vessels and / or types of fishing vessels to available fishing opportunities ; establishing incentives , including those of an economic nature , to promote more selective or low impact fishing ; fixing fishing opportunities ; adopting technical measures as referred to in article 14 ; adopting measures concerning the obligation to land all catches ; conducting pilot projects on alternative types of fishing management techniques . ### types of conservation measures measures for the conservation and sustainable exploitation of marine biological resources may include the following : adopting multiannual plans under articles 9 - 11 ; establishing targets for the sustainable exploitation and conservation of stocks and the protection of the marine environment from the impact of fishing activities adopting measures for the purpose of adapting the number of fishing vessels and / or types of fishing vessels to available fishing opportunities establishing incentives to promote more selective fishing and fishing methods having a low impact on the marine ecosystem and fishery resources , including preferential access to national fishing opportunities reserved in accordance with art . 29 and incentives of an economic nature , adopting measures on the fixing and allocation of fishing opportunities , as defined in article 1 , adopting technical measures as referred to in articles 8 and 14 , adopting measures in pursuit of the objectives laid down in article 15 of this regulation , conducting pilot projects on alternative types of fishing management techniques and gears that increase selectivity or minimise the impact of fishing activities on the marine environment , adopting measures which help member states to meet requirements under environmental legislation ; establishing fish stocks recovery areas ; adopting other measures that help to achieve the objectives of articles 2 and 3 .


### quantifiable targets expressed in terms of : ### quantifiable targets for the achievement of the sustainable exploitation of fish stocks including restoring and maintaining all stocks of harvested species above levels capable of producing maximum sustainable yield by 2015 , or as soon as biologically possible and above levels capable of producing maximum sustainable economic yield by 2020 , expressed in terms of :


### the common fisheries policy should ensure that fishing and aquaculture activities contribute to long - term sustainable environmental , economic , and social conditions . it should contribute moreover to increased productivity , a fair standard of living for the fisheries sector , stable markets , ensure the availability of resources and that supplies reach consumers at reasonable prices . ### the common fisheries policy should ensure that activities are sustainable and that they are managed in a way which is consistent with the goal of achieving a healthy marine environment , in order to ensure long - term sustainable environmental , economic and social benefits . it should contribute moreover to increased productivity , a fair standard of living for the fisheries sector , stable markets , ensure the availability of resources and that supplies reach consumers at reasonable prices .


### serious infringements by operators of the rules of the common fisheries policy shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures shall be proportionate to the nature , extent , duration and repetition of serious infringements . ### serious infringements by operators of the rules of the common fisheries policy shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures , implemented by the member state , shall be proportionate to the nature , extent , duration and repetition of serious infringement .


### member states may , after notifying the commission , exchange all or part of the fishing opportunities allocated to them . ### member states may , after notifying the commission , exchange all or part of the fishing opportunities allocated to them , with the reserves provided for in paragraph 2 being respected .


### in special areas of conservation within the meaning of article 6 of directive 92 / 43 / eec , of article 4 of directive 2009 / 147 / ec and of article 13 of directive 2008 / 56 / ec , fishing activities shall be conducted by member states in such a way so as to alleviate the impact from fishing activities in such special areas of conservation . ### the cfp and all subsequent measures adopted by member states shall be in full compliance with directive 92 / 43 / eec , directive 2009 / 147 / ec and directive 2008 / 56 / ec . in the areas metioned in article 6 of directive 92 / 43 / eec , article 4 of directive 2009 / 147 / ec and article 13 of directive 2008 / 56 / ec , member states shall ensure that fishing is conducted in such a way as to avoid any significant effect on such areas , subject to the provisions regarding appropriate assessment in article 6 of directive 92 / 43 / ec .


### member states shall establish a multiannual national strategic plan for the development of aquaculture activities on their territory by 2014 . ### member states shall establish a multiannual national strategic plan for the development of sustainable aquaculture activities on their territory by 31 december 2014 .


### the scope of the common fisheries policy extends to conservation , management and exploitation of marine biological resources . in addition , the common fisheries policy ' s scope extends in relation to market measures and financial measures in support of its objectives , to fresh water biological resources and aquaculture , as well as to the processing and marketing of fishery and aquaculture products , where such activities take place on the territory of member states , or in union waters , including by fishing vessels flying the flag of , and registered in , third countries , or by union fishing vessels , or by nationals of member states , without prejudice to the primary responsibility of the flag state , bearing in mind the provisions of article 117 of the united nations convention on the law of the sea . ### the scope of the common fisheries policy extends to conservation and management of the member states’ marine biological areas and resources . in addition , the common fisheries policy ' s scope extends in relation to market measures and financial measures in support of its objectives , to fresh water biological resources and aquaculture , as well as to the processing and marketing of fishery and aquaculture products , where such activities take place on the territory of member states , or in union waters , including by fishing vessels flying the flag of , and registered in , third countries , or by union fishing vessels , or by nationals of member states , without prejudice to the primary responsibility of the flag state , bearing in mind the provisions of article 117 of the united nations convention on the law of the sea .


### fisheries targets were laid down in the decision by the conference of the parties to the convention on biological diversity on the strategic plan for biodiversity 2011 – 2020 , the common fisheries policy should ensure coherence with the biodiversity targets adopted by the european council , and the targets of commission communication ' our life insurance , our natural capital : an eu biodiversity strategy to 2020 ' , in particular to achieve maximum sustainable yield by 2015 . ### fisheries targets were laid down in the decision by the conference of the parties to the convention on biological diversity on the strategic plan for biodiversity 2011–2020 , and the common fisheries policy should ensure coherence with the biodiversity targets adopted by the european council and the targets of commission communication ‘ our life insurance , our natural capital : an eu biodiversity strategy to 2020’ , in particular to achieve maximum sustainable yield .


### the union shall participate in the activities of international organisations dealing with fisheries , including regional fisheries management organisations in line with international obligations and policy objectives and consistent with the objectives set out in articles 2 and 3 . ### the union must actively encourage and support effective measures for the recovery of stocks , the principles of the sustainability and ecological management of fish stocks , transparency in the processing of data and participation of the stakeholders in international fora dealing with fisheries , including regional fisheries management organisations in line with the objectives set out in articles 2 and 3 and the principles of good governance set out in article 4 . there is a need to further the implementation of international commitments , obligations and policy objectives and encourage their fulfilment .


### with a view to promoting sustainability and contributing to food security , growth and employment , non - binding union strategic guidelines on common priorities and targets for the development of aquaculture activities shall be established by the commission by 2013 . such strategic guidelines shall take account of the relative starting positions and different circumstances throughout the union , shall form the basis for multiannual national strategic plans and shall aim at : ### with a view to promoting sustainability and contributing to food security , growth and employment , non - binding union strategic guidelines on common priorities and targets for the development of aquaculture activities shall be established by the commission by 2013 . such strategic guidelines shall take account of the relative starting positions and different circumstances throughout the union and shall form the basis for multiannual national strategic plans . the commission shall likewise ensure that the various national plans are coordinated and implemented and that information is exchanged , and shall aim at :


### fishing opportunities fishing opportunities allocated to member states shall ensure each member state relative stability of fishing activities for each fish stock or fishery . the interests of each member state shall be taken into account when new fishing opportunities are allocated . 2 . by - catch fishing opportunities may be reserved under the total fishing opportunities . 3 . fishing opportunities shall comply with quantifiable targets , time frames and margins established in accordance with article 9 and 11 , and . 4 . member states may , after notifying the commission , exchange all or part of the fishing opportunities allocated to them . ### fishing opportunities when fixing and allocating fishing opportunities , the council shall act in accordance with articles 2 , 9 , 10 and 11 of this regulation , shall apply a long - term perspective and shall follow the best available scientific advice . fishing opportunities shall be distributed among member states in such a way as to ensure , for each of them relative stability of fishing activities for each stock or fishery . the interests of each member state shall be taken into account when new fishing opportunities are allocated . the council shall establish the fishing opportunities available to third countries in union waters and allocate those opportunities to these third countries . the allocation of fishing opportunities to a member state or a third country shall be conditional upon its compliance with the rules of the common fisheries policy . 2 . by - catch fishing opportunities may be reserved under the total fishing opportunities . 3 . fishing opportunities shall comply with quantifiable catch targets , time frames and margins established in multiannual plans in accordance with article 9 and 11 , and . if no corresponding multiannual plan has been adopted for a commercially used fish stock , the council shall ensure that , by 2015 , tacs are set at levels that should allow fish stocks to recover , by 2020 at the latest , above levels that are capable of producing the maximum sustainable yield and all recovered stocks to be maintained at these levels . 3a . delegations from the european parliament and the advisory councils shall be present when decisions on establishing fishing opportunities are taken by the council . 3b . where , owing to a lack of data , it is not possible to determine exploitation rates for given stocks that are consistent with the maximum sustainable yield : the precautionary approach shall be applied to fisheries management ; proxy standards shall be adopted on the basis of the methodologies set out in points 3 . 1 and 3 . 2 of part b of the annex to decision 2010 / 477 / eu , and fishing mortality shall be further reduced in accordance with the precautionary principle or , in cases where there are indications that the stock status is satisfactory , of stable trends ; the commission and the member states shall evaluate the obstacles to research and knowledge and take steps to enable additional stock and ecosystem data to be supplied without delay . 4 . member states may , after notifying the commission , exchange all or part of the fishing opportunities allocated to them . 4a . the commission shall present to the european parliament and to the council an annual report assessing whether current fishing opportunities are proving effective in restoring and maintaining populations of harvested species at levels above those which can produce the target laid down in article 2 .


### – ‘ ecosystem - based approach to fisheries management’ means an approach ensuring that benefits from living aquatic resources are high while the direct and indirect impacts of fishing operations on marine ecosystems are low and not detrimental to the future functioning , diversity and integrity of those ecosystems ; ### – ' ecosystem - based fisheries management ' means an approach that considers all pressures on marine biological resources , ensuring that benefits from marine ecosystems and marine biological resources are high while the direct and indirect impacts of fishing operations on marine ecosystems are low and not detrimental to the future functioning , diversity and integrity of those ecosystems ;


### objectives the union shall participate in the activities of international organisations dealing with fisheries , including regional fisheries management organisations in line with international obligations and policy objectives and consistent with the objectives set out in articles 2 and 3 . 2 . the positions of the union in international organisations dealing with fisheries and rfmos shall be based on the best available scientific advice to ensure that fishery resources are maintained above or restored above levels capable of producing maximum sustainable yield . 3 . the union shall actively contribute to and support the development of scientific knowledge and advice in rfmos and international organisations . ### objectives with a view to ensuring the sustainable exploitation and management of maritime biological resources , the union shall promote the effective implementation of international fisheries instruments and regulations , and support the activities of and participate in international organisations dealing with fisheries , including regional fisheries management organisations in line with international commitments , obligations and policy objectives being consistent with the objectives set out in articles 2 , 3 and 4 of this regulation and other eu policies . 2 . in particular the union shall : actively support , promote and contribute to the development of the best available scientific knowledge and comply with union law ; it shall promote measures to ensure that fishery resources are maintained consistent with the objectives of article 2 , in particular with its paragraphs and 4 . it shall further promote the establishment and strengthening of rfmo compliance committees , periodical independent performance reviews and appropriate remedial actions , including dissuasive and effective sanctions , which need to be applicable in a transparent and non - discriminatory fashion . improve policy coherence of union initiatives , with particular regard to environmental , development and trade activities . promote and support , in all international spheres , the necessary action to eradicate illegal , unreported and unregulated fishing . to this end , it shall ensure that no iuu fisheries products enter the eu market ; contributing therefore to sustainable fishing activities that are economically viable and promote employment within the union shall encourage and take an active part in joint international efforts to combat piracy at sea , with a view to ensuring the safety of human life and preventing the disruption of maritime fishing activities . promote effective implementation of international fisheries instruments and regulations ensure that fishing activities outside union waters are based on the same principles and standards upheld in union waters while promoting the application by the rfmos of the same principles and standards as are applied in union waters .


### – ' aquaculture ' means the rearing or cultivation of aquatic organisms using techniques designed to increase the production of the organisms in question beyond the natural capacity of the environment , where the organisms remain the property of a natural or legal person throughout the rearing and culture stage , up to and including harvesting ; ### – ' aquaculture ' means the cultivation of aquatic organisms in inland or coastal areas , which involves , firstly , intervention in the rearing process to improve production and , secondly , individual or company ownership of the stock cultivated ;


### specific objectives for the purpose of achieving the general objectives set out in article 2 , the common fisheries policy shall in particular : eliminate unwanted catches of commercial stocks and gradually ensure that all catches of such stocks are landed ; provide conditions for efficient fishing activities within an economically viable and competitive fishing industry ; promote the development of union aquaculture activities to contribute to food security and employment in coastal and rural areas ; contribute to a fair standard of living for those who depend on fishing activities ; take into account the interests of consumers ; ensure systematic and harmonised data collection and management . ### specific objectives for the purpose of achieving the general objectives set out in article 2 , the common fisheries policy shall in particular : prevent , minimize and as far as possible eliminate unwanted catches ; ensure that all catches of commercially used stocks and regulated stocks are landed , while taking the best scientific advice into account , and avoiding the creation of new markets or expanding existing ones ; provide conditions for efficient environmentally sustainable fishing activities in the union to restore an economically viable and competitive fishing industry , ensuring fair conditions on the european market ; promote the development of aquaculture activities , industries linked to these , ensuring that they are environmentally sustainable in order to contribute to food security and employment in coastal and rural areas ; promote an equitable distribution of marine resources in order to contribute to a fair standard of living and social standards for those who depend on fishing activities ; take into account the interests of consumers ; ensure systematic , harmonised , regular , reliable data collection and transparent data management and address the issues arising from data poor stock management ; promote the survival of small - scale coastal fishing activities .


### fisheries management based on the best available scientific advice requires harmonised , reliable and accurate data sets . therefore member states should collect data on fleets and their fishing activities , in particular biological data on catches , including discards , survey information on fish stocks and on the potential environmental impact of fishing activities on the marine ecosystem . ### fisheries management based on the best available scientific advice requires harmonised , reliable and accurate data sets . therefore member states should collect data on fleets and their fishing activities , in particular biological data on catches , including discards , and survey information on fish stocks and on the potential environmental impact of fishing activities on the marine ecosystem , and should make them available to end - users and the public at large .


### – ‘ sustainable fisheries agreements’ mean international agreements concluded with another state for the purpose of obtaining access to resources or waters in exchange for financial compensation from the union . ### – ' sustainable fisheries agreements ' mean international agreements concluded with another state for the purpose of obtaining access to resources or waters that aim to restore or maintain fish stocks at levels above those capable of producing maximum sustainable yield in exchange for financial compensation from the union ;


### the basis for fixing fishing opportunities for the fish stocks concerned on the basis of predefined conservation reference points ; and ### the basis for fixing fishing opportunities for all stocks of harvested species on the basis of predefined conservation reference points which is consistent with maintaining or restoring fish stock populations above levels which can produce the maximum sustainable yield by 2015 , above levels capable or producing maximum sustainable economic yield by 2020 and consistent with achieving and maintaining a good environmental status in the community ' s marine environment by 2020 ;


### the common fisheries policy should contribute to the protection of the marine environment and in particular to the achievement of good environmental status by 2020 the latest as set out in article 1 of directive 2008 / 56 / ec of the european parliament and the council of 17 june 2008 establishing a framework for community action in the field of marine environmental policy . ### the common fisheries policy should contribute to the protection of the marine environment , to the sustainable management of all commercially - exploited species , and in particular to the achievement of good environmental status by 2020 at the latest as set out in article 1 of directive 2008 / 56 / ec of the european parliament and the council of 17 june 2008 establishing a framework for community action in the field of marine environmental policy .


### the common fisheries policy should ensure that fishing and aquaculture activities contribute to long - term sustainable environmental , economic , and social conditions . it should contribute moreover to increased productivity , a fair standard of living for the fisheries sector , stable markets , ensure the availability of resources and that supplies reach consumers at reasonable prices . ### the common fisheries policy should ensure that fishing and aquaculture activities secure the existence of productive marine biological resources and healthy marine ecosystems and therefore contribute to long - term environmental , economic , and social sustainability . it should contribute moreover to increased productivity , a fair standard of living for the fisheries sector , stable markets , ensure the availability of resources and that supplies reach consumers at reasonable prices .


### member states shall ensure that conservation measures adopted pursuant to paragraph 1 : ### member states , in close cooperation with the regional advisory councils , shall ensure that technical and conservation measures adopted pursuant to paragraph 1 :


### multiannual plans multiannual plans providing for conservation measures to maintain or restore fish stocks above levels capable of producing maximum sustainable yield shall be established as a priority . 2 . multiannual plans shall provide for : the basis for fixing fishing opportunities for the fish stocks concerned on the basis of predefined conservation reference points ; and measures capable of effectively preventing conservation reference points from being transgressed . 3 . multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking due account of interactions between stocks and fisheries . 4 . multiannual plans shall be based on the precautionary approach to fisheries management and shall take into account the limitations of the available data and assessment methods and all quantified sources of uncertainty in a scientifically valid manner . ### multiannual plans the european parliament and the council , acting under the ordinary legislative procedure , shall , as a priority and at the latest by . . . * establish multiannual plans that follow scientific advice from stecf and ices and that include conservation measures to maintain or restore fish stocks above levels capable of producing maximum sustainable yield in accordance with article 2 , paragraph 2 . multiannual plans shall also enable other objectives in accordance with articles 2 and 3 of this regulation to be achieved . ___________________ *oj please insert the date , four years after the date of entry into force of this regulation 2 . multiannual plans shall provide for : the basis for fixing opportunities for fish stocks concerned on the basis of predefined conservation reference points and / or limit reference points consistent with the objectives set out in article 2 and respecting scientific advice , measures capable of effectively preventing limit reference points from being transgressed and aiming at reaching conservation reference points , 3 . multiannual plans shall cover , where possible , either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking into account the interactions between stocks , fisheries and the marine ecosystems . 4 . multiannual plans shall be based on the precautionary approach to fisheries management and shall take into account the limitations of the available data and assessment methods , including data poor stock assessments and all quantified sources of uncertainty in a scientifically valid manner .


### member states shall ensure that union financial assistance is granted only if no sanctions for serious infringements have been imposed to the concerned operator within a period of 1 year prior to the date of application for union financial assistance . ### member states shall ensure that union financial assistance is granted only if no sanctions for serious infringements have been committed by the concerned operator , vessel owner or fisherman within a period of three years prior to the date of application for union financial assistance .


### union financial assistance towards operators shall be conditional upon compliance with the rules of the common fisheries policy by operators . ### union financial assistance towards operators , vessel owners and fishermen shall be conditional upon compliance with the rules of the common fisheries policy by operators .


### prohibitions of the use of certain fishing gears in certain areas or seasons ; ### prohibitions of the use of certain types of vessels or fishing gears permanently or in certain areas or seasons ;


### at the world summit on sustainable development at johannesburg in 2002 , the union and its member states committed to act against the continued decline of many fish stocks . therefore , the union should improve its common fisheries policy to ensure that as a matter of priority exploitation levels of marine biological resources stocks are restored and maintained at levels capable of producing maximum sustainable yields from the populations of harvested stocks by 2015 . where less scientific information is available , this may require applying proxies to maximum sustainable yield . ### at the world summit on sustainable development at johannesburg in 2002 , and then at the nagoya summit in 2010 , the union and its member states committed to act against the continued decline of many fish stocks . therefore , the union should improve its common fisheries policy to ensure that as a matter of priority exploitation levels of marine biological resources stocks are restored and maintained at levels capable of producing maximum sustainable yields from the populations of harvested stocks by 2015 in the case of stocks for which that is possible and at the latest by 2020 . where less scientific information is available , this may require applying proxies to maximum sustainable yield .


### – ‘ technical measures’ means the measures that regulate the species composition , size composition of catches and impacts on components of the ecosystems resulting from fishing activities through conditioning the use and structure of fishing gear and restriction of access to fishing areas ; ### – ' technical measures ' means the measures that regulate the species composition , size composition of catches and impacts on components of the ecosystems or ecosystem functioning resulting from fishing activities through conditioning the use and structure of fishing gear and restriction of access to fishing areas ;


### dialogue with stakeholders has proven essential for the achievement of the objectives of the common fisheries policy . taking into account the diverse conditions throughout union waters and increased regionalisation of the common fisheries policy , advisory councils should enable the common fisheries policy to benefit from the knowledge and experience of all stakeholders . ### dialogue with stakeholders , including social partners , has proven essential for the achievement of the objectives of the common fisheries policy and should be further encouraged at local , national and union levels . taking into account the diverse conditions throughout union waters and increased regionalisation of the common fisheries policy , advisory councils should enable the common fisheries policy to benefit from the knowledge and experience of all stakeholders .


### member states shall collect biological , technical , environmental and socio - economic data necessary for ecosystem based fisheries management , manage them and make them available to end users of scientific data , including bodies designated by the commission . those data shall in particular enable the assessment of : ### the conservation , management and sustainable exploitation of marine biological resources must be based on the best information available . to this end , member states shall collect biological , environmental , technical and socio - economic data necessary for ecosystem based fisheries , manage them and make them available all to end users of scientific data , including bodies designated by the commission . those data shall in particular enable the assessment of :


### member states shall coordinate their data collection activities with other member states in the same region , and make every effort to coordinate their actions with third countries having sovereignty or jurisdiction over waters in the same region . ### member states , in close cooperation with the commission , shall coordinate their data collection activities with other member states in the same region , and make every effort to coordinate their actions with third countries having sovereignty or jurisdiction over waters in the same region .


### – ‘ fishing capacity’ means a vessel ' s tonnage in gt and its power in kw as defined in articles 4 and 5 of council regulation no 2930 / 8635 ; ### – ' fishing capacity ' means the ability of a vessel to catch fish . indicators that can be used to quantify fishing capacity are vessel characteristics , including a vessel ' s tonnage in gt , its power in kw as defined in articles 4 and 5 of council regulation no 2930 / 86 [ 1 ] , the fishing gear and fishing technique it employs and the number of days spent at fishing ; [ 1 ] oj l 274 , 25 . 9 . 1986 , p . 1 .


### improving the competitiveness of the aquaculture industry and supporting its development and innovation ; encouraging economic activity ; diversification and improvement of the quality of life in coastal and rural areas ; a level - playing field for aquaculture operators in relation to access to waters and space . 2 . member states shall establish a multiannual national strategic plan for the development of aquaculture activities on their territory by 2014 . ### the simplification of legislation in the sector and the reduction of administrative burdens on the european level ; the integration of aquaculture activities into other policies as policies for coastal zones , sea strategies and guidelines for marine spatial planning , the implementation of the water framework directive and the environmental policy . 2 . the eu shall support the production and consumption of european sustainable aquaculture products through : establishing transparent and general qualitative criteria for aquaculture by 2014 to assess and minimize the environmental impacts of aquaculture and farming activities ; ensuring supplies reach consumers at reasonable prices ; laying down rules regarding the traceability , security and quality of eu and imported aquaculture products , through appropriate marking or labelling as established in article 42 of the regulation on the common organisation of the markets in fishery and aquaculture products [ regulation number to be defined by the lawyer linguists ] ;


### aquaculture should contribute to the preservation of the food production potential on a sustainable basis throughout the union so as to guarantee long - term food security for european citizens and to contribute to the growing world aquatic food demand . ### aquaculture should contribute to the development of the food production potential on a sustainable basis throughout the union so as to guarantee long - term food security for european citizens and to contribute to the growing world aquatic food demand .


### ensure that the collected data are accurate and reliable ; ### ensure that the collected data are accurate and reliable and collected in a harmonized way in all member states ;


### multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , taking due account of interactions between stocks and fisheries . ### multiannual plans shall , where possible , cover either fisheries exploiting single fish stocks or fisheries exploiting a mixture of stocks , in which case management shall be guided by the scientific advice relating to the most vulnerable stock , taking due account of interactions between stocks and fisheries and ensuring that a fishery is closed as soon as the fishing opportunities of any of its constituent stocks have been exhausted .


### sustainable exploitation of marine biological resources should be based on the precautionary approach , which is to be derived from the precautionary principle referred to in the first subparagraph of article 191 of the treaty . ### sustainable exploitation of marine biological resources should always be based on the precautionary approach , which is to be derived from the precautionary principle referred to in the first subparagraph of article 191 of the treaty , while always taking into account available scientific data .


### for the sake of conservation of stocks clear objectives should be applied with respect to certain technical measures . ### for the sake of conservation of stocks clear objectives should be applied with respect to certain technical measures , and scales of governance should be tailored to management requirements .


### serious infringements by operators of the rules of the common fisheries policy shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures shall be proportionate to the nature , extent , duration and repetition of serious infringements . ### serious infringements by operators of the rules of the common fisheries policy shall result in temporary or permanent bans on access to the union financial assistance and / or the application of financial reductions . such measures shall be dissuasive , effective and proportionate to the nature , extent , duration and repetition of serious infringements .


### union financial assistance should be made conditional upon compliance by member states and operators with the common fisheries policy . thus such financial assistance should be interrupted , suspended or corrected in cases of non - compliance with the rules of common fisheries policy by member states and serious infringements of those rules by operators . ### union financial assistance should be made conditional upon compliance by member states and operators , including vessel owners , with the common fisheries policy . thus such financial assistance should be interrupted , suspended or corrected in cases of non - compliance with the rules of the common fisheries policy by member states and serious infringements of those rules by operators .


### advisory councils shall be composed of organizations representing the fisheries operators and other interest groups affected by the common fisheries policy . ### advisory councils shall be composed of organisations representing the member states ' fisheries authorities , the fisheries operators , workers ' representatives and other interest groups affected by the common fisheries policy . representatives of the scientific community shall attend as observers .


### objectives the union shall participate in the activities of international organisations dealing with fisheries , including regional fisheries management organisations in line with international obligations and policy objectives and consistent with the objectives set out in articles 2 and 3 . 2 . the positions of the union in international organisations dealing with fisheries and rfmos shall be based on the best available scientific advice to ensure that fishery resources are maintained above or restored above levels capable of producing maximum sustainable yield . 3 . the union shall actively contribute to and support the development of scientific knowledge and advice in rfmos and international organisations . ### objectives with a view to ensuring the sustainable exploitation and management of maritime biological resources , the union shall promote the effective implementation of international fisheries instruments and regulations , and support the activities of and participate in international organisations dealing with fisheries , including regional fisheries management organisations in line with international commitments , obligations and policy objectives being consistent with the objectives set out in articles 2 , 3 and 4 of this regulation and other eu policies . 2 . in particular the union shall : actively support , promote and contribute to the development of the best available scientific knowledge and comply with union law ; it shall promote measures to ensure that fishery resources are maintained consistent with the objectives of article 2 , in particular with its paragraphs and 4 . it shall further promote the establishment and strengthening of rfmo compliance committees , periodical independent performance reviews and appropriate remedial actions , including dissuasive and effective sanctions , which need to be applicable in a transparent and non - discriminatory fashion . improve policy coherence of union initiatives , with particular regard to environmental , development and trade activities . promote and support , in all international spheres , the necessary action to eradicate illegal , unreported and unregulated fishing . to this end , it shall ensure that no iuu fisheries products enter the eu market ; contributing therefore to sustainable fishing activities that are economically viable and promote employment within the union shall encourage and take an active part in joint international efforts to combat piracy at sea , with a view to ensuring the safety of human life and preventing the disruption of maritime fishing activities . promote effective implementation of international fisheries instruments and regulations ensure that fishing activities outside union waters are based on the same principles and standards upheld in union waters while promoting the application by the rfmos of the same principles and standards as are applied in union waters .


### financial instruments that , on maturity , give the holder , under a formal agreement , either the unconditional right to acquire or the discretion as to his right to acquire , shares to which voting rights are attached , already issued , of an issuer whose shares are admitted to trading on a regulated market ; ### financial instruments that give the holder , under a formal agreement , either the unconditional right to acquire or the discretion as to his right to acquire , shares to which voting rights are attached , already issued , of an issuer whose shares are admitted to trading on a regulated market ;


### in order to provide for enhanced transparency of payments made to governments , issuers whose securities are admitted to trading on a regulated market and which have activities in the extractive or logging of primary forest industries should disclose in a separate report on an annual basis payments made to governments in the countries in which they operate . the report should include types of payments comparable to those disclosed under the extractive industries transparency initiative and provide civil society with information to hold governments of resource - rich countries to account for their receipts from the exploitation of natural resources . the initiative is also complementary to the eu flegt action plan and the timber regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the eu market . the detailed requirements are defined in chapter 9 of directive 2011 / . . / eu of the european parliament and of the council . ### in order to provide for enhanced transparency of payments made to governments , issuers whose securities are admitted to trading on a regulated market should disclose on an annual basis payments made to governments and other contextual information in the countries in which they operate . this disclosure should be part of the annual report and should include types of payments building on those disclosed under the extractive industries transparency initiative and provide civil society , including investors , with other contextual information . the report should include activities of subsidiaries , associates , joint ventures , permanent establishments and other trading arrangements to the extent that they are consolidated in the annual financial statements of the undertaking or entity in question and should include turnover of the undertaking that might give rise to payments and , on a country - by - country basis , profit before tax , effective tax rates , total number of people employed and their aggregate remuneration , expenditure on fixed asset investment during the course of the reporting period and , in the case of undertakings active in the extractive and logging industries , production volumes . the initiative is also complementary to the eu flegt action plan and the timber regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the eu market . the detailed requirements are defined in chapter 9 of directive 2011 / . . . / eu of the european parliament and of the council .


### in order to provide for enhanced transparency of payments made to governments , issuers whose securities are admitted to trading on a regulated market and which have activities in the extractive or logging of primary forest industries should disclose in a separate report on an annual basis payments made to governments in the countries in which they operate . the report should include types of payments comparable to those disclosed under the extractive industries transparency initiative and provide civil society with information to hold governments of resource - rich countries to account for their receipts from the exploitation of natural resources . the initiative is also complementary to the eu flegt action plan and the timber regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the eu market . the detailed requirements are defined in chapter 9 of directive 2011 / . . . / eu of the european parliament and of the council . ### in order to provide for enhanced transparency of payments made to governments , issuers whose securities are admitted to trading on a regulated market should disclose on an annual basis payments made to governments in the countries in which they operate . this disclosure should be part of the annual report and should include types of payments building on those disclosed under the extractive industries transparency initiative and provide civil society , including investors , with information to hold governments of resource - rich countries to account for their receipts from the exploitation of natural resources . the initiative is also complementary to the eu flegt action plan and the timber regulation which require traders of timber products to exercise due diligence in order to prevent illegal wood from entering into the eu market . for the purposes of transparency and investor protection , the principles regarding the reporting of payments made to governments , such as integrated reporting , materiality , project - by - project reporting , universality , comprehensiveness and comparability , are laid down in this directive . the detailed requirements are defined in chapter 9 of directive 2011 / . . . / eu of the european parliament and of the council .


### in case of a legal person , administrative pecuniary sanctions of up to 10 % of the total annual turnover of that legal person in the preceding business year ; ### administrative pecuniary sanctions ;


### member states shall require issuers active in the extractive or logging of primary forest industries , as defined in [ … ] to prepare , in accordance with chapter 9 of directive 2011 / . . . / eu of the european parliament and of the council , a report on payments made to governments on an annual basis . the report shall be made public at the latest six months after the end of each financial year and shall remain publicly available for at least five years . payments to governments shall be reported at consolidated level . ### member states shall require all issuers to prepare , in accordance with chapter 9 of directive 2011 / . . . / eu of the european parliament and of the council , a report on payments made to governments on an annual basis . the report shall be made public at the latest six months after the end of each financial year and shall remain publicly available . payments to governments shall be reported at consolidated level .


### the competent authorities shall assess the cost - effectiveness of the new measures , as referred to in paragraph 3 in accordance with annex ii . a minor technical amendment to an existing measure without substantive implications on capacity or operations is not considered as a new operating restriction . ### the competent authorities shall assess the effectiveness of the new measures , as referred to above , in accordance with annex ii . a minor technical amendment to an existing measure without substantive implications on capacity or operations is not considered as a new operating restriction .


### land - use planning and management ; ### land - use planning and management , in particular the need for the measures taken at this stage to be based on the objective results of and data from :


### not as a first resort , operating restrictions . ### as and when necessary , operating restrictions .


### the introduction of operating restrictions by member states at union airports on a case - by - case basis , whilst limiting capacity , can contribute to improving the noise climate around airports . however , there is a possibility of introducing distortions of competition or hampering the overall efficiency of the union aviation network through the inefficient use of existing capacity . since the objectives cannot be sufficiently achieved by the member states and can therefore be more effectively achieved by the union by means of harmonised rules on the introduction of operating restrictions as part of the noise management process , the union may adopt measures in accordance with the principles of subsidiarity as set out in article 5 of the treaty on the functioning of the european union . in accordance with the principle of proportionality , as set out in that article , this regulation does not go beyond what is necessary to achieve those objectives . such harmonised method does not impose noise quality objectives , which continue to derive from directive 2002 / 49 / ec or other european , national or local rules , and does not prejudge the concrete selection of measures . ### the introduction of operating restrictions by member states at union airports on a case - by - case basis , whilst limiting capacity , can and should contribute to improving the noise climate around airports . however , there is a possibility of introducing distortions of competition or hampering the overall efficiency of the union aviation network through the inefficient use , in cost - benefit terms , of existing capacity . since the objectives cannot be sufficiently achieved by the member states and can therefore be more effectively achieved by the union by means of harmonised rules on the introduction of operating restrictions as part of the noise management process , the union may adopt measures in accordance with the principles of subsidiarity as set out in article 5 of the treaty on the functioning of the european union . in accordance with the principle of proportionality , as set out in that article , this regulation does not go beyond what is necessary to achieve those objectives . such harmonised method does not impose noise quality objectives , which continue to derive from directive 2002 / 49 / ec or other european , national or local rules , and does not prejudge the concrete selection of measures .


### ‘ balanced approach’ means the method under which the range of available measures , namely reduction of aircraft noise at source , land - use planning and management , noise abatement operational procedures and operating restrictions , is considered in a consistent way with the view to addressing the noise problem in the most cost - effective way on an airport by airport basis . ### ‘ balanced approach’ means the method under which the range of available measures , namely reduction of aircraft noise at source , land - use planning and management , noise abatement operational procedures and operating restrictions , is considered in a consistent way with the view to minimising noise in the most effective way on an airport by airport basis .


### sustainable development of air transport necessitates the introduction of measures aimed at reducing the noise nuisance from aircraft at airports with particular noise problems . a large number of eu citizens are exposed to high noise levels which may lead to negative health effects . ### sustainable development of air transport necessitates the introduction of measures aimed at reducing the noise nuisance from aircraft at and around airports with particular noise problems . a large number of eu citizens are exposed to high noise levels which may lead to negative health effects , particularly where night flights are concerned .


### the competent authorities shall ensure that , at the appropriate level , a forum for technical cooperation is established between the airport operator , aircraft operator and air navigation service provider , for actions which these operators are responsible for , and taking due account of the interdependency between measures to mitigate noise and to reduce emissions . the members of this forum for technical cooperation shall regularly consult local residents or their representatives , and provide technical information and advice on noise mitigating measures to the competent authorities . ### the competent authorities shall ensure that , at the appropriate level , a forum for technical cooperation is established between the airport operator , aircraft operator and air navigation service provider , for actions which these operators and the technical officers of the local administrations affected by the noise are responsible for , and taking due account of the interdependency between measures to mitigate noise and to reduce emissions . the members of this forum for technical cooperation shall regularly consult other interested parties , and provide technical information and advice on noise mitigating measures to the competent authorities .


### member states shall , when taking noise - related action , consider the following combination of available measures , with a view to determining the most cost - effective combination of measures : ### member states shall , when taking action to minimise the noise impact on the surrounding area , consider the following combination of available measures , with a view to determining the most effective combination of measures , and the order or priority of their application in each specific case ;


### first , an important part of the fleet flying the flag of france and operating from the french department of mayotte is composed by vessels of less than 9 meters which are dispersed around the island , have no specific landing sites and still need to be identified , measured and equipped with minimum safety implements in order to be included in the register of union fishing vessels ; as a consequence , france will not be able to complete this register until 31 december 2016 . france should , however , install a provisional fleet register guaranteeing minimum identification of the vessels of this segment in order to avoid proliferation of informal fishing vessels . ### first , an important part of the fleet flying the flag of france and operating from the french department of mayotte is composed by vessels of less than 10 meters which are dispersed around the island , have no specific landing sites and still need to be identified , measured and equipped with minimum safety implements in order to be included in the register of union fishing vessels ; as a consequence , france will not be able to complete this register until 31 december 2021 . france should , however , install a provisional fleet register guaranteeing minimum identification of the vessels of this segment in order to avoid proliferation of informal fishing vessels .


### in accordance with the sector - specific rules , member states shall accredit one or more public sector bodies which shall be solely responsible for the proper management and control of the funds , for which accreditation has been granted . this shall be without prejudice to the possibility for these bodies to carry out tasks not related to the management of union funds or to entrust certain of their tasks to other bodies . ### in accordance with criteria and procedures laid down in sector - specific rules , a member state authority shall accredit bodies responsible for the management and control of union funds . this shall be without prejudice to the possibility for these bodies to carry out tasks not related to the management of union funds or to entrust certain of their tasks to other bodies .


### the legislative authority shall , in accordance with the procedure laid down in article 322 of the tfeu , decide on a level of tolerable risk of error at an appropriate aggregation of the budget . that decision shall be taken into account during the annual discharge procedure , in accordance with article 157 . ### when presenting revised or new spending proposals , the commission shall estimate the cost of administrative and control systems as well as the level of risk of error with the proposed legislation per funds and per member state .


### the accreditation shall be given by a member state authority in accordance with sector - specific rules ensuring that the body is capable of properly managing the funds . the sector - specific rules may also define a role of the commission in the accreditation process . ### the accreditation shall be given by a member state authority in accordance with sector - specific rules ensuring that the body is capable of properly managing the funds . the sector - specific rules shall also define a role of the commission in the accreditation process .


### the accrediting authority shall be responsible for supervising the body and for taking all necessary measures to remedy any deficiency in its operation , including the suspension and withdrawal of the accreditation . ### the accrediting authority shall be responsible for monitoring compliance of the accredited bodies with the accreditation criteria , on the basis of available audits and control results . the accrediting authority shall take all necessary measures to remedy any deficiency in the implementation of the tasks entrusted to the bodies it has accredited , including the suspension and withdrawal of the accreditation . the accredited bodies in the member states shall : conduct checks and put in place an effective and efficient internal control system ; provide the commission by 1 march of the following financial year with : their annual accounts drawn up for the expenditure made in the execution of the tasks entrusted and presented to the commission for reimbursement including the sums disbursed to the beneficiaries for which recovery procedures are underway ; a summary of the results of available audits and checks carried out , including an analysis of systemic or recurrent weaknesses as well as corrective actions taken or planned and their results ; a management declaration providing reasonable assurance that : - the information contained in the accounts presents a true and fair view ; - the expenditure referred in the accounts has been used for its intended purpose and in accordance with the principle of sound financial management ; - the control procedures put in place give the necessary guarantees concerning the legality and regularity of the underlying transactions . these documents shall be accompanied by an opinion of an independent audit body , drawn up in accordance with the internationally accepted audit standards , on the contents of the management declaration . the audit body shall report if the examination puts in doubt the assertions made in the management declaration . an annex to the opinion shall present the error rate per funds and an analysis of the errors as well as reservations ; ensure in conformity with article 31 , annual ex post publication of recipients of union funds ; and ensure a protection of personal data which satisfies the principles laid down in directive 95 / 46 / ec . if a member state has accredited more than one body per policy area , it shall by 15 march of the following financial year provide the commission with a synthesis report consisting of an overview at national level of all management declarations of assurance and the independent audit opinions thereon , prepared for the policy area concerned . the member states shall bring legal proceedings as necessary and appropriate . as far as member states disclose errors and / or irregularities they discover immediately to the commission and remedy these , they shall be exempt from financial corrections concerning such errors and / or irregularities .


### the eib shall progressively increase its activity in social sectors , such as health and education . ### the eib shall increase its activity in social sectors , such as health and education .


### the eib shall progressively increase its activity in social sectors , such as health and education . ### the eib shall increase its activity in social sectors , with a view to the achievement of the millennium development goals .


### a shareholder or member of a credit rating agency holding , directly or indirectly , 10% or more of either the capital or the voting rights of that credit rating agency or being otherwise in a position to exercise significant influence on the business activities of the credit rating agency , is a member of the administrative or supervisory board of the rated entity or a related third party ; ### a shareholder or member of a credit rating agency holding , directly or indirectly , either capital or voting rights of that credit rating agency or being otherwise in a position to exercise significant influence on the business activities of the credit rating agency , is a member of the administrative or supervisory board of the rated entity or a related third party ;


### where a credit rating agency has entered into a contract with an issuer or its related third party for the issuing of credit ratings on the debt instruments of that issuer , the following shall apply : when those credit ratings are issued within a period exceeding an initial period of twelve months but shorter than three years , the credit rating agency shall not issue any further credit ratings on those debt instruments from the moment that ten debt instruments have been rated ; when at least ten credit ratings are issued within an initial period of twelve months , that credit rating agency shall not issue any further credit ratings on those debt instruments after the end of that period ; when less than ten credit ratings are issued , the credit rating agency shall not issue any further credit ratings on those debt instruments from the moment a period of 3 years have elapsed . ### where a credit rating agency has entered into a contract with an issuer or its related third party for the issuing of credit ratings on the debt instruments of that issuer , and when that credit rating agency has issued credit ratings in relation to 10 debt instruments within an initial period of three years , it shall not issue any further credit ratings on those debt instruments until 20 debt instruments of the same issuer have been rated by other credit rating agencies .


### the perception of independence of credit rating agencies would be particularly affected should the same shareholders or members be investing in different credit rating agencies not belonging to the same group of credit rating agencies , at least if this investment reaches a certain size that could allow these shareholders or members to exercise a certain influence on the agency’s business . therefore , in order to ensure the independence of credit rating agencies , it is appropriate to provide for stricter rules regarding the relations between the credit rating agencies and their shareholders . for this reason , no person should simultaneously hold a participation of 5% or more in more than one credit rating agency , unless the agencies concerned belong to the same group . ### the independence of credit rating agencies could be particularly affected should the same shareholders or members be investing in different credit rating agencies not belonging to the same group of credit rating agencies . therefore , in order to avoid actual or potential conflicts of interest and to ensure the independence of credit rating agencies , it is appropriate to provide for stricter rules regarding the relations between the credit rating agencies and their shareholders . for this reason , a shareholder or member of a credit rating agency should not simultaneously invest in another credit rating agency , unless the latter belongs to the same group .


### a credit rating agency shall disclose on its website , on an ongoing basis , information about all entities or debt instruments submitted to it for their initial review or for preliminary rating . such disclosure shall be made whether or not issuers contract with the credit rating agency for a final rating . ### a credit rating agency shall provide esma , on an ongoing basis , with detailed information about all entities or debt instruments submitted to it for their initial review or for preliminary rating . such information shall be provided whether or not issuers contract with the credit rating agency for a final rating .


### ‘ a shareholder or member of a credit rating agency holding , directly or indirectly , 10% or more of either the capital or the voting rights of that credit rating agency or being otherwise in a position to exercise significant influence on the business activities of the credit rating agency , directly or indirectly owns financial instruments of the rated entity or a related third party or has any other direct or indirect ownership interest in that entity or party , other than holdings in diversified collective investment schemes , including managed funds such as pension funds or life insurance , which do not put him in a position to exercise significant influence on the business activities of the scheme ; ’ ; ### ‘ a shareholder or member of a credit rating agency holding , directly or indirectly , either capital or voting rights in that credit rating agency or being otherwise in a position to exercise influence on the business activities of the credit rating agency , directly or indirectly owns financial instruments of the rated entity or a related third party or has any other direct or indirect ownership interest in that entity or party , other than holdings in diversified collective investment schemes , including managed funds such as pension funds or life insurance , which do not put him in a position to exercise significant influence on the business activities of the scheme ; ’ ;


### ‘ the credit rating is issued with respect to a rated entity or a related third party which directly or indirectly holds 10% or more of either the capital or the voting rights of that credit rating agency ; ### ‘ the credit rating is issued with respect to a rated entity or a related third party which directly or indirectly holds capital or voting rights of that credit rating agency ;


### in view of the specificities of sovereign ratings and in order to reduce the risk of volatility , it is appropriate to require credit rating agencies to only publish these ratings after the close of business of the trading venues established in the union and at least one hour before their opening . ### in view of the specificities of sovereign ratings and in order to reduce the risk of volatility , it is appropriate to require credit rating agencies to only publish these ratings after the close of business of the trading venues established in the union and at least one hour before their opening . moreover , it seems important to reinforce the rules on the handling of confidential information . a credit rating agency should be able to delay the public disclosure of confidential information provided that such a delay is not likely to mislead the public and that the issuer is able in fact to ensure the confidentiality of that information . the list of persons able to receive information under the 12 - hour rules should also be limited and clearly identified by the rated entity .


### esma shall establish a european rating index which will include all credit ratings submitted to esma pursuant to paragraph 1 and an aggregated rating index for any rated debt instrument . the index and individual credit ratings shall be published on esma ' s website . ### esma shall establish a european rating index which will include all credit ratings submitted to esma pursuant to paragraph 1 , an aggregated rating index for any rated debt instrument and the average default probability in accordance with annex i , section d , paragraph 2 . the index and individual credit ratings , with the exception of credit ratings of the investor - pays nature , shall be published on esma ' s website


### credit institutions , investment firms , insurance and reinsurance undertakings , institutions for occupational retirement provisions , management and investment companies , alternative investment fund managers and central counterparties as defined in regulation no xx / 201x of the european parliament and of the council of xx xxx 201x on otc derivatives , central counterparties and trade repositories shall make their own credit risk assessment and shall not solely or mechanistically rely on credit ratings for assessing the creditworthiness of an entity or financial instrument . competent authorities in charge of supervising these undertakings shall closely check the adequacy of undertakings credit assessment processes . ### credit institutions , investment firms , insurance and reinsurance undertakings , institutions for occupational retirement provisions , management and investment companies , alternative investment fund managers and central counterparties as defined in regulation no xx / 201x of the european parliament and of the council of xx xxx 201x on otc derivatives , central counterparties and trade repositories shall make their own credit risk assessment and shall neither solely nor mechanistically rely on credit ratings for assessing the creditworthiness of an entity or financial instrument . an external credit rating shall only be used if the undertakings referred to in the first paragraph have a balance sheet of less than 2 , 5 billion euro and demonstrated that they are unable to assess the credit risk by other means or where they can demonstrate to the satisfaction of the competent authority that the burden of an internal assessment is not justified by the materiality of the current and expected future exposure resulting from the assets concerned . competent authorities in charge of supervising these undertakings shall closely monitor the adequacy of undertakings credit assessment processes and ensure that they agree neither to contractual rules that result in the automatic sale of assets in the event of a downgrade of the creditworthiness by an external credit rating agency , nor to a rule requiring the use of a specific credit rating agency .


### immediately publish on its website the new methodologies together with a detailed explanation thereof ; ### immediately publish on its website the results of the consultation and the new methodologies together with a detailed explanation thereof ;


### a shareholder or a member of a credit rating agency holding at least 5% of the capital or the voting rights in that agency shall not ### a shareholder or a member of a credit rating agency holding any capital or voting rights in that agency shall not :


### where a credit rating agency has entered into a contract with an issuer or its related third party for the issuing of credit ratings on that issuer , it shall not issue credit ratings on that issuer for a period exceeding three years . ### where a credit rating agency has entered into an exclusive contract with an issuer or its related third party for the issuing of credit ratings on that issuer , it shall not issue credit ratings on that issuer for a period exceeding five years .


### a shareholder or a member of a credit rating agency holding at least 5% of the capital or the voting rights in that agency shall not : hold 5% or more of the capital of any other credit rating agency . this prohibition does not apply to holdings in diversified collective investment schemes , including managed funds such as pension funds or life insurance , provided that the holdings in diversified collective investment schemes do not put him or her in a position to exercise significant influence on the business activities of those schemes ; have the right or the power to exercise 5% or more of the voting rights in any other credit rating agency ; have the right or the power to appoint or remove members of the administrative , management or supervisory body of any other credit rating agency ; be member of the administrative , management or supervisory body of any other credit rating agency ; have the power to exercise , or actually exercise , dominant influence or control over any other credit rating agency . ### a shareholder or a member of a credit rating agency shall not : be shareholder or member of another credit rating agency or otherwise have a direct or indirect ownership interest in such other credit rating agency ; have the right or the power to appoint or remove members of the administrative , management or supervisory body of any other credit rating agency ; be member of the administrative , management or supervisory body of any other credit rating agency ; have the power to exercise , or actually exercise , dominant influence or control over any other credit rating agency .


### after expiry of the consultation period referred to in the first subparagraph , the credit rating agency shall notify esma of the intended changes or proposed new methodologies . ### after expiry of the consultation period referred to in the first subparagraph , the credit rating agency shall notify esma of the results of the consultation and the intended changes or proposed new methodologies .


### ‘ a shareholder or member of a credit rating agency holding , directly or indirectly , 10% or more of either the capital or the voting rights of that credit rating agency or being otherwise in a position to exercise significant influence on the business activities of the credit rating agency , directly or indirectly owns financial instruments of the rated entity or a related third party or has any other direct or indirect ownership interest in that entity or party , other than holdings in diversified collective investment schemes , including managed funds such as pension funds or life insurance , which do not put him in a position to exercise significant influence on the business activities of the scheme ; ### ‘ a shareholder or member of a credit rating agency , directly or indirectly owns financial instruments of the rated entity or a related third party or has any other direct or indirect ownership interest in that entity or party , other than holdings in diversified collective investment schemes , including managed funds such as pension funds or life insurance , which do not put him in a position to exercise significant influence on the business activities of the scheme ;


### in particular , free movement and workers ' mobility help addressing the consequences of demographic change on the labour market , while also increasing the employability of people and improving the competitiveness of european industries . at the same time , free movement either enables , as an essential condition , or stimulates the exercise by citizens of a broad range of rights available to them under union law , such as their rights as consumers to access goods and services or their rights as passengers and tourists . facilitating free movement has therefore the potential to enhance citizens ' possibilities to fully benefit from the single market , whilst being a key driver for growth . ### in particular , free movement and workers ' mobility help addressing the consequences of industrial change , of new work patterns and of demographic change on the labour market , while also increasing the employability of people and improving the competitiveness of european industries . at the same time , free movement either enables , as an essential condition , or stimulates the exercise by citizens of a broad range of rights available to them under union law , such as their rights as consumers to access goods and services , their rights as passengers and tourists or their employment and trade union rights as workers , ensuring that migrant citizens receive equal treatment and are not used as a cheap labour force . facilitating free movement has the potential to enhance citizens ' possibilities to fully benefit from the single market , but labour mobility should be combined with the safeguarding of workers ' social security and trade union rights and not be interpreted by some employers as an opportunity to reduce wages , cut back on social security or , in general , to downgrade working conditions .


### in its ‘ resolution of 15 december on the situation of fundamental rights in the european union - effective implementation after the entry into force of the treaty of lisbon’ the european parliament called on the commission to devote the 2013 european year to citizenship in order to give momentum to the debate on union citizenship and inform union citizens of their rights , in particular the new rights resulting from the entry into force of the treaty of lisbon . ### in its ‘ resolution of 15 december on the situation of fundamental rights in the european union - effective implementation after the entry into force of the treaty of lisbon’ the european parliament called on the commission to devote the 2013 european year to citizenship in order to give momentum to the debate on union citizenship and inform union citizens of their rights and freedoms , in particular the new rights resulting from the entry into force of the treaty of lisbon .


### representatives meeting as the observatory invited from the private sector shall include a broad and representative range of union and national bodies representing the different economic sectors most concerned by and most experienced in the fight against infringements of intellectual property rights . ### representatives meeting as the observatory invited from the private sector shall include a broad and balanced range of union and national bodies representing the different economic sectors , including the creative industries , most concerned by or most experienced in the fight against infringements of intellectual property rights .


### the commission shall transmit the evaluation report to the european parliament and the council and undertake a broad consultation among stakeholders on the evaluation report . ### the commission shall transmit the evaluation report to the european parliament , the council and the european economic and social committee and undertake a broad consultation among stakeholders on the evaluation report .