30. 12. 95 Official Journal of the European Communities No L 330/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 3074/95 of 22 December 1995 fixing, for certain fish stocks and groups of fish stocks, the total allowable catches for 1996 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 1985 Act of Accession, and in particular Article 161 thereof, Having regard to the 1994 Act of Accession, and in particular Articles 121 and 122 thereof, Having regard to the pfoposal 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 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, and in particular the management of catch limitations on a pluriannual and multispecies basis, cannot vet be achieved, due to the need to put into force certain measures for the control of fisheries, to further develop the appropriate administrative framework for a system of limitation of fishing effort, and to enhance scientific knowledge; whereas, until such a management (Y OJ No L 389, 31. 12. 1992, p. 1. Regulation as amended by the 1994 Act of Accession. 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 fisheries the total allowable catches (TAC); whereas fishing opportunities should by allocated to Member States in accordance with Article 8 (4) (ii) of that Regulation; Whereas it is necessary to establish the principles and certain procedures of fishery management at 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, of the one part, and the Government of Denmark and the Home Government of the Faeroes, of the other part(?), the Parties have consulted on their reciprocal fishing rights for 1996; whereas these consultations 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 Faeroes; 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 Norway (}), the Community and Norway have held consultations concerning mutual fishing rights for 1996; whereas these consultations have been successfully concluded and therefore it is possible to fix the TACs, the Community shares and the quotas for joint stocks and, where necessary, for other stocks; (2) OJ No L 226, 29. 8. 1980, p. 12. ) O] No L 226, 29. 8 .1980, p. 48.