31.12. 93 Official Journal of the European Communities No L 341/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 3676/93 of 21 December 1993 fixing, for certain fish stock and groups of fish stocks, the total allowable catches for 1994 and certain conditions under which they may be fished 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 Act of Accession of Spain and Portugal, and in particular Articles 157, 161 and 348 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 scientific advice and, in particular, of the report prepared by the Scientific, Technical and Economic Comnmittee 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 implement an 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 establish the total allowable (1) O] No L 389, 31. 12. 1992, p. 1. catches (TAC) by fishery or group of fisheries; whereas fishing opportunities should be allocated to Member States in accordance with Article 8 (4) (ii); Whereas it is necessary to establish the principles and certain procedures of fishery management at the Community level, 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 European Economic Community and the Kingdom of -Norway (2), Article 2 of the Agreement on fisheries between the European Economic Community and the Government of Sweden (3), and Article 2 of 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 (4), the parties have consulted on their reciprocal fishing rights for 1994; Whereas™ these bilateral consultations have been concluded; whereas it is possible to fix the TACs, the Community shares and the quotas for those joint and autonomous stocks of which part is allocated to Norway, Sweden and the Faroe Islands; Whereas the Community has signed the United Nations Convention on the Law of the Sea, which contains principles and rules relating to the conservation and management of the living resources of the sea; Whereas, in the framework of its wider international obligations, the Community participates in efforts to conserve fish stocks arising in international waters; (2) O] No L 226, 29. 8. 1980, p. 48. (3) O] No L 226, 29. 8. 1980, p. 2. (3 O] No L 226, 29. 8. 1980, p. 12.