31. 12. 94 Official Journal of the European Communities No L 363/1 " (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 3362/94 of 20 December 1994 fixing, for certain fish stocks and groups of fish stocks, the total allowable catches for 1995 and certain conditions under which they may be fished THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Com- munity, Having regard to Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community system for fisheries and aquaculture (!), and in partlcular Article 8 (4) thereof, Having regard to the 1985 Act of Accession, and in particular Articles 157, 161 and 348 thereof, Having regard to the 1994 Act of Accession, and in particular Articles 121 and 122 thereof, Having regard to the proposal from the Commission, Whereas Article 4 of Regulation (EEC) No 3760/92 requires the Council to formulate, in the light of the available scien- tific advice and, in particular, of the report prepared by the Scientific, Technical and Economic Committee for Fisheries, the measures necessary to ensure the rational and responsible exploitation of resources on a sustainable basis; Whereas a management regime making full use of the new management possibilities given by Regulation (EEC) No . 3760/92 cannot yet be achieved, due to the need to put into force certain measures for the control of fisheries, to further develop the appropriate administrative framework (licensing system) and to enhance scientific knowledge; whereas, until such a management regime is consolidated, limitation of exploitation rates should be guaranteed by the current TAC system; Whereas under the terms of Article 8 (4) of Regulation (EEC) No 3760/92, it is incumbent upon the Council, in accordance with Article 4, to determine for each fishery or group of fish- eries the total allowable catches (TAC); whereas fishing opportumtles should be distributed between Member Staxes in accordance with Article 8 (4) (ii); Whereas it is necessary to establish the pri'nciples and certain procedures of fishery management at the Community level, () OJ NoL 389, 31. 12. 1992, p. 1. so that Member States can ensure the management of the fleets under their flag or jurisdiction; Whereas, in accordance with the procedure provided for in Article 2 of the Agreement on fisheries between the Euro- pean Economic Community, of the one part, and the Govern- ment of Denmark and the Home Government of the Faroe Islands, of the other part (?), the Parties have consulted on - their reciprocal fishing rights for 1995; whereas these con- sultations have been successfully concluded; whereas, as a result, it is possible to fix the TACs, the Community shares and the quotas for certain joint and autonomous stocks, of which part is allocated to the Faroe Islands; ‘Whereas, in accordance with the procedure provided in Articles 2 and 7 of the Fisheries Agreement between the European Economic Community and the Kingdom of Nor- way (3), the Community and Norway have held consultations concerning mutual fishing rights for the period until 31 March 1995 and the management of common biological resources; whereas the Community and Norway agreed to hold consultations ‘on their mutual fishing rights for the remaining months of 1995 as early as possible in 1995; Whereas the Community has signed the United Nations Con- vention on the Law of the Sea, which contains principles and rules relating to the conservation and management of the liv- ing resources of the sea; ‘Whereas, in the framework of its wider international obliga- tions, the Community participates in efforts to conserve fish stocks arising in international waters; whereas the extent to which such stocks are fished by vessels of the Community should be viewed in the light of overall fishing activity and the contribution made hitherto by the Community towards their conservation should be taken into account;: Whereas the International Baltic Sea Fishery Commission has recommended TACs for the stocks of cod, salmon, her- ring and sprat occurring in the waters of the Baltic Sea and the shares thereof for each contracting party; (3 OJ No L 226, 29. 8. 1980, p. 12. (®) OJ No L 226, 29. 8. 1980, p. 48.