CELEX: 32019R1726
Language: en
Date: 2019-10-15 00:00:00
Title: Commission Implementing Regulation (EU) 2019/1726 of 15 October 2019 operating deductions from fishing quotas available for certain stocks in 2019 on account of overfishing in the previous years

16.10.2019   
               
               
                  EN
               
               
                  Official Journal of the European Union
               
               
                  L 263/3
               
            
         COMMISSION IMPLEMENTING REGULATION (EU) 2019/1726
         of 15 October 2019
         operating deductions from fishing quotas available for certain stocks in 2019 on account of overfishing in the previous years
         THE EUROPEAN COMMISSION,
         Having regard to the Treaty on the Functioning of the European Union,
         Having regard to Council Regulation (EC) No 1224/2009 of 20 November 2009 establishing a Union control system for ensuring compliance with the rules of the common fisheries policy, amending Regulations (EC) No 847/96, (EC) No 2371/2002, (EC) No 811/2004, (EC) No 768/2005, (EC) No 2115/2005, (EC) No 2166/2005, (EC) No 388/2006, (EC) No 509/2007, (EC) No 676/2007, (EC) No 1098/2007, (EC) No 1300/2008, (EC) No 1342/2008 and repealing Regulations (EEC) No 2847/93, (EC) No 1627/94 and (EC) No 1966/2006 (1), and in particular Article 105(1), (2) and (3) thereof,
         Whereas:
         
                     (1)
                  
                  
                     Fishing quotas for the year 2018 have been established by:
                     
                                 —
                              
                              
                                 Council Regulation (EU) 2016/2285 (2),
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2017/1970 (3),
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2017/2360 (4), and
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2018/120 (5).
                              
                           
               
                     (2)
                  
                  
                     Fishing quotas for the year 2019 have been established by:
                     
                                 —
                              
                              
                                 Council Regulation (EU) 2018/1628 (6),
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2018/2025 (7),
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2018/2058 (8), and
                              
                           
                                 —
                              
                              
                                 Council Regulation (EU) 2019/124 (9).
                              
                           
               
                     (3)
                  
                  
                     Pursuant to Article 105(1) of Regulation (EC) No 1224/2009, when the Commission has established that a Member State has exceeded the fishing quotas which have been allocated to it, the Commission is to operate deductions from future fishing quotas of that Member State.
                  
               
                     (4)
                  
                  
                     Article 105(2) and (3) of Regulation (EC) No 1224/2009 provides that such deductions have to be operated in the following year or years by applying the respective multiplying factors as set out therein.
                  
               
                     (5)
                  
                  
                     Certain Member States have exceeded their fishing quotas for the year 2018. It is therefore appropriate to operate deductions on the fishing quotas allocated to them in 2019 and, where relevant, in subsequent years, for the overfished stocks.
                  
               
                     (6)
                  
                  
                     Commission Implementing Regulation (EU) 2018/1969 (10) and Commission Implementing Regulation (EU) 2019/479 (11) have provided for deductions from fishing quotas for certain countries and species for 2018. However, for certain Member States, the deductions to be applied for some species were higher than the respective quotas available in 2018 and could therefore not be operated entirely in that year. To ensure that in such cases the full amount for the respective stocks be deducted, the remaining quantities should be taken into account when establishing deductions for 2019 and, where appropriate, from subsequent quotas.
                  
               
                     (7)
                  
                  
                     Following changes in the stock area definitions set up in Regulation (EU) 2019/124, the remaining deduction applicable to Belgium due to overfishing of undulate ray in Union waters of 7d (RJU/07D.) in the year 2017 should be applied to the 2019 quota for undulate ray in Union waters of 7d and 7e (RJU/7DE.).
                  
               
                     (8)
                  
                  
                     Deductions from fishing quotas, as provided for by this Regulation, should apply without prejudice to deductions applicable to 2019 quotas pursuant to Commission Implementing Regulation (EU) No 185/2013 (12).
                  
               
                     (9)
                  
                  
                     Since quotas are expressed in tonnes, overfishing involving quantities of less than one tonne should not be considered,
                  
               HAS ADOPTED THIS REGULATION:
         
            Article 1
            
               1.   The fishing quotas fixed in Regulations (EU) 2018/1628, (EU) 2018/2025, (EU) 2018/2058, and (EU) 2019/124 for the year 2019 shall be reduced as set out in the Annex to this Regulation.
            
            
               2.   Paragraph 1 shall apply without prejudice to deductions provided for in Implementing Regulation (EU) No 185/2013.
            
         
         
            Article 2
            This Regulation shall enter into force on the seventh day following that of its publication in the Official Journal of the European Union.
         
         
            This Regulation shall be binding in its entirety and directly applicable in all Member States.
            Done at Brussels, 15 October 2019.
            
               
                  For the Commission
               
               
                  The President
               
               Jean-Claude JUNCKER
            
         
         
            (1)  OJ L 343, 22.12.2009, p. 1.
         
            (2)  Council Regulation (EU) 2016/2285 of 12 December 2016 fixing for 2017 and 2018 the fishing opportunities for Union fishing vessels for certain deep-sea fish stocks and amending Council Regulation (EU) 2016/72 (OJ L 344, 17.12.2016, p. 32).
         
            (3)  Council Regulation (EU) 2017/1970 of 27 October 2017 fixing for 2018 the fishing opportunities for certain fish stocks and groups of fish stocks applicable in the Baltic Sea and amending Regulation (EU) 2017/127 (OJ L 281, 31.10.2017, p. 1).
         
            (4)  Council Regulation (EU) 2017/2360 of 11 December 2017 fixing for 2018 the fishing opportunities for certain fish stocks and groups of fish stocks in the Black Sea (OJ L 337, 19.12.2017, p. 1).
         
            (5)  Council Regulation (EU) 2018/120 of 23 January 2018 fixing for 2018 the fishing opportunities for certain fish stocks and groups of fish stocks, applicable in Union waters and, for Union fishing vessels, in certain non-Union waters, and amending Regulation (EU) 2017/127 (OJ L 27, 31.1.2018, p. 1).
         
            (6)  Council Regulation (EU) 2018/1628 of 30 October 2018 fixing for 2019 the fishing opportunities for certain fish stocks and groups of fish stocks applicable in the Baltic Sea and amending Regulation (EU) 2018/120 as regards certain fishing opportunities in other waters (OJ L 272, 31.10.2018, p. 1).
         
            (7)  Council Regulation (EU) 2018/2025 of 17 December 2018 fixing for 2019 and 2020 the fishing opportunities for Union fishing vessels for certain deep-sea fish stocks (OJ L 325, 20.12.2018, p. 7).
         
            (8)  Council Regulation (EU) 2018/2058 of 17 December 2018 fixing for 2019 the fishing opportunities for certain fish stocks and groups of fish stocks in the Black Sea (OJ L 329, 27.12.2018, p. 8).
         
            (9)  Council Regulation (EU) 2019/124 of 30 January 2019 fixing for 2019 the fishing opportunities for certain fish stocks and groups of fish stocks, applicable in Union waters and, for Union fishing vessels, in certain non-Union waters (OJ L 29, 31.1.2019, p. 1).
         
            (10)  Commission Implementing Regulation (EU) 2018/1969 of 12 December 2018 operating deductions from fishing quotas available for certain stocks in 2018 on account of overfishing in the previous years (OJ L 316, 13.12.2018, p. 12).
         
            (11)  Commission Implementing Regulation (EU) 2019/479 of 22 March 2019 operating deductions from fishing quotas available for certain stocks in 2018 on account of overfishing of other stocks in the previous years and amending Implementing Regulation (EU) 2018/1969 (OJ L 82, 25.3.2019, p. 6).
         
            (12)  Commission Implementing Regulation (EU) No 185/2013 of 5 March 2013 providing for deductions from certain fishing quotas allocated to Spain in 2013 and subsequent years on account of overfishing of a certain mackerel quota in 2009 (OJ L 62, 6.3.2013, p. 1).
      
      
         
            ANNEX
            DEDUCTIONS FROM FISHING QUOTAS FOR THE YEAR 2019 FOR STOCKS WHICH HAVE BEEN OVERFISHED
            
                        
                           Member State
                        
                     
                     
                        
                           Species code
                        
                     
                     
                        
                           Area code
                        
                     
                     
                        
                           Species name
                        
                     
                     
                        
                           Area name
                        
                     
                     
                        
                           Initial quota 2018 (in kilograms)
                        
                     
                     
                        
                           Permitted landings 2018 (Total adapted quantity in kilograms)
                            (1)
                        
                     
                     
                        
                           Total catches 2018 (quantity in kilograms)
                        
                     
                     
                        
                           Quota consumption related to permitted landings
                        
                     
                     
                        
                           Overfishing related to permitted landing (quantity in kilograms)
                        
                     
                     
                        
                           Multiplying factor
                            (2)
                        
                     
                     
                        
                           Additional Multiplying factor
                            (3)
                           , 
                            (4)
                        
                     
                     
                        
                           Outstanding deductions from previous year(s)
                            (5)
                        
                        
                           (quantity in kilograms)
                        
                     
                     
                        
                           Deductions to apply in 2019 (quantity in kilograms)
                        
                     
                  
                        
                           BE
                        
                     
                     
                        RJE
                     
                     
                        7FG.
                     
                     
                        Small-eyed ray
                     
                     
                        Union waters of 7f and 7g
                     
                     
                        14 000 
                     
                     
                        15 400 
                     
                     
                        19 888 
                     
                     
                        129,14 %
                     
                     
                        4 488 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        4 488 
                     
                  
                        
                           BE
                        
                     
                     
                        RJU
                     
                     
                        07D. (6)
                        
                     
                     
                        Undulate ray
                     
                     
                        Union waters of 7d
                     
                     
                        2 000 
                     
                     
                        969
                     
                     
                        1 394 
                     
                     
                        143,86 %
                     
                     
                        425 (7)
                        
                     
                     
                        N/A
                     
                     
                        N/A
                     
                     
                        2 617 
                     
                     
                        2 617 
                     
                  
                        
                           DE
                        
                     
                     
                        COD
                     
                     
                        3BC+24
                     
                     
                        Cod
                     
                     
                        Subdivisions 22-24
                     
                     
                        1 194 000 
                     
                     
                        1 349 400 
                     
                     
                        1 393 360 
                     
                     
                        103,26 %
                     
                     
                        43 960 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        /
                     
                     
                        43 960 
                     
                  
                        
                           DK
                        
                     
                     
                        COD
                     
                     
                        3BC+24
                     
                     
                        Cod
                     
                     
                        Subdivisions 22-24
                     
                     
                        2 444 000 
                     
                     
                        2 594 270 
                     
                     
                        2 617 780 
                     
                     
                        100,91 %
                     
                     
                        23 510 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        /
                     
                     
                        23 510 
                     
                  
                        
                           ES
                        
                     
                     
                        BET
                     
                     
                        ATLANT
                     
                     
                        Bigeye tuna
                     
                     
                        Atlantic Ocean
                     
                     
                        9 791 920 
                     
                     
                        9 281 920 
                     
                     
                        9 756 069 
                     
                     
                        105,11 %
                     
                     
                        474 149 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        /
                     
                     
                        474 149 
                     
                  
                        
                           ES
                        
                     
                     
                        GHL
                     
                     
                        1N2AB.
                     
                     
                        Greenland halibut
                     
                     
                        Norwegian waters of 1 and 2
                     
                     
                        /
                     
                     
                        0
                     
                     
                        27 736 
                     
                     
                        N/A
                     
                     
                        27 736 
                     
                     
                        1,00
                     
                     
                        A
                     
                     
                        /
                     
                     
                        41 604 
                     
                  
                        
                           ES
                        
                     
                     
                        GHL
                     
                     
                        N3LMNO
                     
                     
                        Greenland halibut
                     
                     
                        NAFO 3LMNO
                     
                     
                        4 534 000 
                     
                     
                        4 496 772 
                     
                     
                        4 508 020 
                     
                     
                        100,25 %
                     
                     
                        11 248 
                     
                     
                        /
                     
                     
                        A (8)+C (8)
                        
                     
                     
                        /
                     
                     
                        11 248 
                     
                  
                        
                           ES
                        
                     
                     
                        NEP
                     
                     
                        *07U16
                     
                     
                        Norway lobster
                     
                     
                        Functional Unit 16 of ICES Subarea 7
                     
                     
                        825 000 
                     
                     
                        155 000 
                     
                     
                        158 375 
                     
                     
                        102,18 %
                     
                     
                        3 375 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        3 375 
                     
                  
                        
                           ES
                        
                     
                     
                        RJU
                     
                     
                        9-C.
                     
                     
                        Undulate ray
                     
                     
                        Union waters of 9
                     
                     
                        15 000 
                     
                     
                        15 000 
                     
                     
                        17 067 
                     
                     
                        113,78 %
                     
                     
                        2 067 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        2 067 
                     
                  
                        
                           ES
                        
                     
                     
                        YFT
                     
                     
                        IOTC
                     
                     
                        Yellowfin tuna
                     
                     
                        IOTC Area of Competence
                     
                     
                        45 682 000 
                     
                     
                        45 354 940 
                     
                     
                        44 964 373 
                     
                     
                        99,14 %
                     
                     
                        – 390 567  (9)
                        
                     
                     
                        N/A
                     
                     
                        N/A
                     
                     
                        2 138 460 
                     
                     
                        2 138 460 
                     
                  
                        
                           EE
                        
                     
                     
                        COD
                     
                     
                        N3M.
                     
                     
                        Cod
                     
                     
                        NAFO 3M
                     
                     
                        124 000 
                     
                     
                        916 170 
                     
                     
                        953 232 
                     
                     
                        104,05 %
                     
                     
                        37 062 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        37 062 
                     
                  
                        
                           FR
                        
                     
                     
                        GHL
                     
                     
                        1N2AB.
                     
                     
                        Greenland halibut
                     
                     
                        Norwegian waters of 1 and 2
                     
                     
                        /
                     
                     
                        0
                     
                     
                        18 084 
                     
                     
                        N/A
                     
                     
                        18 084 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        18 084 
                     
                  
                        
                           IE
                        
                     
                     
                        HER
                     
                     
                        07A/MM
                     
                     
                        Herring
                     
                     
                        7a
                     
                     
                        1 826 000 
                     
                     
                        1 850 311 
                     
                     
                        1 979 666 
                     
                     
                        106,99 %
                     
                     
                        129 355 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        129 355 
                     
                  
                        
                           IE
                        
                     
                     
                        MAC
                     
                     
                        2CX14-
                     
                     
                        Mackerel
                     
                     
                        6, 7, 8a, 8b, 8d and 8e; Union and international waters of 5b; international waters of 2a, 12 and 14
                     
                     
                        69 141 000 
                     
                     
                        66 541 055 
                     
                     
                        66 965 925 
                     
                     
                        100,64 %
                     
                     
                        424 870 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        424 870 
                     
                  
                        
                           NL
                        
                     
                     
                        POK
                     
                     
                        2C3A4
                     
                     
                        Saithe
                     
                     
                        3a and 4; Union waters of 2a
                     
                     
                        110 000 
                     
                     
                        210 994 
                     
                     
                        265 115 
                     
                     
                        125,65 %
                     
                     
                        54 121 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        54 121 
                     
                  
                        
                           NL
                        
                     
                     
                        WHG
                     
                     
                        56-14
                     
                     
                        Whiting
                     
                     
                        6; Union and international waters of 5b; international waters of 12 and 14
                     
                     
                        /
                     
                     
                        0
                     
                     
                        4 492 
                     
                     
                        N/A
                     
                     
                        4 492 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        4 492 
                     
                  
                        
                           PL
                        
                     
                     
                        COD
                     
                     
                        3BC+24
                     
                     
                        Cod
                     
                     
                        Subdivisions 22-24
                     
                     
                        654 000 
                     
                     
                        786 200 
                     
                     
                        858 164 
                     
                     
                        109,15 %
                     
                     
                        71 964 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        32 331 
                     
                     
                        104 295 
                     
                  
                        
                           PT
                        
                     
                     
                        ALF
                     
                     
                        3X14-
                     
                     
                        Alfonsinos
                     
                     
                        Union and international waters of III, IV, V, VI, VII, VIII, IX, X, XII and XIV
                     
                     
                        182 000 
                     
                     
                        179 044 
                     
                     
                        184 010 
                     
                     
                        102,77 %
                     
                     
                        4 966 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        4 966 
                     
                  
                        
                           PT
                        
                     
                     
                        BET
                     
                     
                        ATLANT
                     
                     
                        Bigeye tuna
                     
                     
                        Atlantic Ocean
                     
                     
                        3 717 470 
                     
                     
                        4 152 470 
                     
                     
                        4 405 184 
                     
                     
                        106,09 %
                     
                     
                        252 714 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        /
                     
                     
                        252 714 
                     
                  
                        
                           PT
                        
                     
                     
                        BFT
                     
                     
                        AE45WM
                     
                     
                        Bluefin tuna
                     
                     
                        Atlantic Ocean, east of 45° W, and Mediterranean
                     
                     
                        470 190 
                     
                     
                        437 190 
                     
                     
                        450 343 
                     
                     
                        103,01 %
                     
                     
                        13 153 
                     
                     
                        /
                     
                     
                        C (8)
                        
                     
                     
                        /
                     
                     
                        13 153 
                     
                  
                        
                           PT
                        
                     
                     
                        BUM
                     
                     
                        ATLANT
                     
                     
                        Blue marlin
                     
                     
                        Atlantic Ocean
                     
                     
                        50 440 
                     
                     
                        45 428 
                     
                     
                        74 337 
                     
                     
                        163,64 %
                     
                     
                        28 909 
                     
                     
                        1,00
                     
                     
                        A
                     
                     
                        /
                     
                     
                        43 364 
                     
                  
                        
                           PT
                        
                     
                     
                        RJU
                     
                     
                        9-C.
                     
                     
                        Undulate ray
                     
                     
                        Union waters of 9
                     
                     
                        15 000 
                     
                     
                        33 000 
                     
                     
                        36 295 
                     
                     
                        109,98 %
                     
                     
                        3 295 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        3 295 
                     
                  
                        
                           UK
                        
                     
                     
                        COD
                     
                     
                        N1GL14
                     
                     
                        Cod
                     
                     
                        Greenland waters of NAFO 1F and Greenland waters of 5, 12 and 14
                     
                     
                        382 000 
                     
                     
                        497 520 
                     
                     
                        512 187 
                     
                     
                        102,95 %
                     
                     
                        14 667 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        14 667 
                     
                  
                        
                           UK
                        
                     
                     
                        GHL
                     
                     
                        1N2AB.
                     
                     
                        Greenland halibut
                     
                     
                        Norwegian waters of 1 and 2
                     
                     
                        25 000 
                     
                     
                        22 000 
                     
                     
                        24 434 
                     
                     
                        111,06 %
                     
                     
                        2 434 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        2 434 
                     
                  
                        
                           UK
                        
                     
                     
                        HER
                     
                     
                        4AB.
                     
                     
                        Herring
                     
                     
                        Union and Norwegian waters of 4 north of 53° 30′ N
                     
                     
                        79 381 000 
                     
                     
                        84 694 795 
                     
                     
                        84 739 599 
                     
                     
                        100,05 %
                     
                     
                        44 804 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        44 804 
                     
                  
                        
                           UK
                        
                     
                     
                        MAC
                     
                     
                        2CX14-
                     
                     
                        Mackerel
                     
                     
                        6, 7, 8a, 8b, 8d and 8e; Union and international waters of 5b; international waters of 2a, 12 and 14
                     
                     
                        190 143 000 
                     
                     
                        186 253 028 
                     
                     
                        189 644 893 
                     
                     
                        101,82 %
                     
                     
                        3 391 865 
                     
                     
                        /
                     
                     
                        A (8)
                        
                     
                     
                        /
                     
                     
                        3 391 865 
                     
                  
                        
                           UK
                        
                     
                     
                        POK
                     
                     
                        1N2AB.
                     
                     
                        Saithe
                     
                     
                        Norwegian waters of 1 and 2
                     
                     
                        182 000 
                     
                     
                        459 700 
                     
                     
                        463 509 
                     
                     
                        100,83 %
                     
                     
                        3 809 
                     
                     
                        /
                     
                     
                        /
                     
                     
                        /
                     
                     
                        3 809 
                     
                  
                        
                           UK
                        
                     
                     
                        RHG
                     
                     
                        5B67-
                     
                     
                        Roughhead grenadier
                     
                     
                        Union and international waters of Vb, VI and VII
                     
                     
                        1 510 
                     
                     
                        1 510 
                     
                     
                        7 588 
                     
                     
                        502,52 %
                     
                     
                        6 078 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        6 078 
                     
                  
                        
                           UK
                        
                     
                     
                        WHG
                     
                     
                        56-14
                     
                     
                        Whiting
                     
                     
                        6; Union and international waters of 5b; international waters of 12 and 14
                     
                     
                        122 000 
                     
                     
                        124 060 
                     
                     
                        139 470 
                     
                     
                        112,42 %
                     
                     
                        15 410 
                     
                     
                        1,00
                     
                     
                        /
                     
                     
                        /
                     
                     
                        15 410 
                     
                  
               (1)  Quotas available to a Member State pursuant to the relevant fishing opportunities Regulations after taking into account exchanges of fishing opportunities in accordance with Article 16(8) of Regulation (EU) No 1380/2013 of the European Parliament and of the Council (OJ L 354, 28.12.2013, p. 22), quota transfers from 2017 to 2018 in accordance with Article 4(2) of Council Regulation (EC) No 847/96 (OJ L 115, 9.5.1996, p. 3) and with Article 15(9) of Regulation (EU) No 1380/2013 or reallocation and deduction of fishing opportunities in accordance with Articles 37 and 105 of Regulation (EC) No 1224/2009.
            
               (2)  As set out in Article 105(2) of Regulation (EC) No 1224/2009. Deduction equal to the overfishing * 1,00 shall apply in all cases of overfishing equal to, or less than, 100 tonnes.
            
               (3)  As set out in Article 105(3) of Regulation (EC) No 1224/2009 and provided that the extent of overfishing exceeds 10 %.
            
               (4)  Letter ‘A’ indicates that an additional multiplying factor of 1,5 has been applied due to consecutive overfishing in the years 2016, 2017 and 2018. Letter ‘C’ indicates that an additional multiplying factor of 1,5 has been applied as the stock is subject to a multiannual plan.
            
               (5)  Remaining quantities from previous year(s).
            
               (6)  To be deducted from RJU/7DE. (Union waters of 7d and 7e).
            
               (7)  Quantities below 1 tonne are not considered.
            
               (8)  Additional multiplying factor not applicable because the overfishing does not exceed 10 % of the permitted landings.
            
               (9)  The deduction cannot be reduced by this unused quantity as Article 4 of Regulation (EC) No 847/96 is not applicable to the YFT/IOTC stock.