No L 363/102 Official Journal of the European Communities 31.12. 94 COUNCIL REGULATION (EC) No 3373/94 of 20 December 1994 allocating for 1995, catch quotas between Member States for vessels fishing in Icelandic waters 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 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 and the marine environment between the European, Economic Community and the Republic of Iceland (?), and in particular Article 4 thereof, the Community and Iceland have held consultations con- cerning their mutual fishing rights for 1995 and the manage- ment of common living resources; ‘Whereas, in the course of these consultations, the delegations agreed to recommend to their respective authorities that cer- tain catch quotas for 1995 should be fixed for the vessels of the other Party; Whereas the necessary measures should be taken to imple- ment, for 1995, the results of the consultations held between the delegations of the Commuunity and Iceland; Whereas to ensure efficient management of the catch possi- bilities available in Icelandic waters, they should be allocated among the Member States as quotas in accordance with Atticle 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 fish- eries policy (%), HAS ADOPTED 'I'HIS REGULATION: Article 1 From 1 January to 31 December 1995 vessels flying the flag of a Member State are hereby authorized to make catches within the quota limits set out in the Annex in waters falling within the fisheries jurisdiction of Iceland. Article 2 This Regulation shall enter into force on 1 January 1995. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 20 December 1994. () OJ No L 389, 31. 12. 1992, p. 1. (9 OJNoL 161, 2. 7. 1993, p. 2. For the Council The President J. BORCHERT (®) OJ No L 261, 20. 10. 1993, p. 1.