Council Regulation (EC) No 394/97 of 20 December 1996 allocating, for 1997, certain catch quotas between Member States for vessels fishing in Faroese waters

COUNCIL REGULATION (EC) No 394/97 of 20 December 1996 allocating, for 1997, certain catch quotas between Member States for vessels fishing in Faroese waters
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community,
Having regard to Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community system for fisheries and aquaculture (1), and in particular Article 8 (4) thereof,
Having regard to the proposal from the Commission,
Whereas, in accordance with the procedure provided for in the Agreement on fisheries between the European Economic Community, of the one part, and the government of Denmark and the Home Government of the Faroe Islands, of the other part (2), the two Parties have held consultations on their mutual fishing rights for 1997;
Whereas, as a result of these consultations, the two Parties have agreed on an arrangement for 1997 whereby certain catch quotas are allocated to Community vessels in the Faroese fishing zone;
Whereas, to ensure efficient management of the catch possibilities available, they should be allocated among Member States as quotas in accordance with Article 8 of Regulation (EEC) No 3760/92;
Whereas the fishing activities covered by this Regulation are subject to the relevant control measures provided for by Council Regulation (EEC) No 2847/93 of 12 October 1993 establishing a control system applicable to the common fisheries policy (3);
Whereas, in accordance with the provisions laid down in Article 2 of Council Regulation (EC) No 847/96 of 6 May 1996 introducing additional conditions for year-to-year management of TACs and quotas (4), the Council shall decide which stocks are subject to the various measures fixed therein;
Whereas, for imperative reasons of common interest, this Regulation will apply from 1 January 1997,