9.5.2006 Official Journal of the European Union L 1221 | (Acts whose publication is obligatory) COUNCIL REGULATION (EC) No 700/2006 of 25 April 2006 repealing Regulation (EC) No 3690/93 establishing a Community system laying down rules for the minimum information to be contained in fishing licences THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 37 thereof, Having regard to the proposal from the Commission, Having regard to the opinion of the European Parliament (%), Whereas: (1) Regulation (EC) No 3690/93 (3 is based on Council Regulation (EEC) No 3760/92 of 20 December 1992 establishing a Community system for fisheries and aqua- culture (}) which has been replaced by Council Regu- lation (EC) No 2371/2002 of 20 December 2002 on the conservation and sustainable exploitation of fisheries resources under the common fisheries policy (*). The references and provisions contained in Regulation (EC) No 3690/93 are no longer compatible with this new Regulation which establishes new rules on the management of fishing capacity as expressed in fishing licences. (20 Articles 22(3) and 13(3) of Regulation (EC) No 2371/2002 empower the Commission to lay down implementing rules for the management of fishing licences and fishing capacities. (3)  On 3 August 2005 the Commission adopted Regulation (EC) No 1281/2005 on the management of fishing licences and the minimal information to be contained therein (°), which is to apply from the date of repeal of Regulation (EC) No 3690/93. (4 Regulation (EC) No 3690/93 should therefore be repealed, HAS ADOPTED THIS REGULATION: Article 1 1. Regulation (EC) No 3690/93 is hereby repealed. 2. References to the repealed Regulation shall be construed as references to Regulation (EC) No 1281/2005 and shall be read in accordance with the correlation table set out in the Annex to this Regulation. Article 2 This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Union. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 25 April 2006. (") Not yet published in the Official Journal. () O] L 341, 31.12.1993, p. 93. (®) OJ L 389, 31.12.1992, p. 1. Regulation as last amended by Regu- lation (EC) No 1181/93 (O] L 164, 9.6.1998, p. 1). () OJ L 358, 31.12.2002, p. 59. For the Council The President J. PROLL () O] L 203, 4.8.2005, p. 3.