Article 1 
1. By 31 December 1996 at the latest, and taking into account the objectives fixed in the transitional guidance programmes for 31 December 1991 (5), the fishing effort of the fleet of each Community Member State must have decreased by: - 20 % for trawlers bottom trawling for demersal stocks, - 15 % for dredgers and beam trawlers targeting benthic stocks, - 0 % i.e. no increase for the other segments of fleet. 2. At least 55 % of the required effort reductions must be purely by capacity reductions. Article 2 The implementation of the objectives and procedures referred to in Article 1 shall be ensured by the Commission under the multiannual guideline plans for the Member States fishing fleets as approved by the Commission Decisions of 21 December 1992 and possibly amended within the framework of the same procedure. Article 3 By 31 December 1996 at the latest, the Council shall fix the objectives and procedures provided for, on an annual or multiannual basis, in Article 11 of Regulation (EEC) No 3760/92. Article 4 The Commission shall submit an annual report to the Council on the progress of the multiannual guidance programmes for the fishing fleet. Article 5 This Decision is addressed to the Member States. Done at Brussels, 20 December 1993. For the Council The President A. BOURGEOIS (1) OJ No C 326, 3. 12. 1993, p. 7. (2) Opinion delivered on 17 December 1993 (not yet published in the Official Journal). (3) OJ No L 389, 31. 12. 1992, p. 1. (4) OJ No L 401, 31. 12. 1992. (5) OJ No L 193, 13. 7. 1992.
Article 2 
The implementation of the objectives and procedures referred to in Article 1 shall be ensured by the Commission under the multiannual guideline plans for the Member States fishing fleets as approved by the Commission Decisions of 21 December 1992 and possibly amended within the framework of the same procedure. Article 3 By 31 December 1996 at the latest, the Council shall fix the objectives and procedures provided for, on an annual or multiannual basis, in Article 11 of Regulation (EEC) No 3760/92. Article 4 The Commission shall submit an annual report to the Council on the progress of the multiannual guidance programmes for the fishing fleet. Article 5 This Decision is addressed to the Member States. Done at Brussels, 20 December 1993. For the Council The President A. BOURGEOIS (1) OJ No C 326, 3. 12. 1993, p. 7. (2) Opinion delivered on 17 December 1993 (not yet published in the Official Journal). (3) OJ No L 389, 31. 12. 1992, p. 1. (4) OJ No L 401, 31. 12. 1992. (5) OJ No L 193, 13. 7. 1992.
Article 3 
By 31 December 1996 at the latest, the Council shall fix the objectives and procedures provided for, on an annual or multiannual basis, in Article 11 of Regulation (EEC) No 3760/92. Article 4 The Commission shall submit an annual report to the Council on the progress of the multiannual guidance programmes for the fishing fleet. Article 5 This Decision is addressed to the Member States. Done at Brussels, 20 December 1993. For the Council The President A. BOURGEOIS (1) OJ No C 326, 3. 12. 1993, p. 7. (2) Opinion delivered on 17 December 1993 (not yet published in the Official Journal). (3) OJ No L 389, 31. 12. 1992, p. 1. (4) OJ No L 401, 31. 12. 1992. (5) OJ No L 193, 13. 7. 1992.
Article 4 
The Commission shall submit an annual report to the Council on the progress of the multiannual guidance programmes for the fishing fleet. Article 5 This Decision is addressed to the Member States. Done at Brussels, 20 December 1993. For the Council The President A. BOURGEOIS (1) OJ No C 326, 3. 12. 1993, p. 7. (2) Opinion delivered on 17 December 1993 (not yet published in the Official Journal). (3) OJ No L 389, 31. 12. 1992, p. 1. (4) OJ No L 401, 31. 12. 1992. (5) OJ No L 193, 13. 7. 1992.
Article 5 
This Decision is addressed to the Member States. Done at Brussels, 20 December 1993