PURPOSE: to mitigate the impact impacts that a Brexit without an agreement would have on fisheries at EU level.
LEGISLATIVE ACT: Regulation (EU) 2019/497 of the European Parliament and of the Council amending Regulation (EU) No 508/2014 as regards certain rules relating to the European Maritime and Fisheries Fund following the withdrawal of the United Kingdom from the Union.
CONTENT: this Regulation amends Regulation (EU) No 508/2014 to allow fishermen and operators from EU Member States to receive compensation from the European Maritime Affairs and Fisheries Fund (EMFF) for the temporary cessation of fishing activities.
This measure will help to partially compensate for the consequences of a sudden closure of UK waters to EU fishing vessels in the event of Brexit without a withdrawal agreement.
When the Common Fisheries Policy (CFP) ceases to apply to the United Kingdom, its waters will no longer be part of EU waters. Consequently, in the event of withdrawal without agreement, EU vessels risk losing access to these waters and the associated fishing opportunities. This situation would have immediate significant repercussions for the fishing activities of the Union fleet, employment and economic performance.
ENTRY INTO FORCE: 28.3.2019. The Regulation shall apply from the day following that on which the Treaties cease to apply to the United Kingdom pursuant to Article 50(3) of the TEU.