26. 7. 86 Official Journal of the European Communities No L 203/1 (Acts whose publication is obligatory) COUNCIL REGULATION (EEC) No 2334/86 of 21 July 1986 fixing catch possibilities for certain fish stocks and groups of fish stocks in the Regulatory Area as defined in the NAFO Convention THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 170/83 of 25 January 1983 establishing a Community system for the conservation and management of fishery resources ('), as amended by the Act of Accession of Spain and Portugal, and in particular Article 11 thereof, Having regard to the proposal from the Commission, Whereas, under Article 2 of Regulation (EEC) No 170/83, it falls to the Council to prepare, in the light of the scien- tific advice and, in particular, of the report drawn up by the Scientific and Technical Fisheries Committee, the conservation measures necessary to achieve the aims set out in Article 1 of the said Regulation ; Whereas the Community has signed the United Nations Convention on the Law of the Sea, which contains princi- ples and rules relating to the conservation and manage- ment of the living resources of the sea; Whereas the Convention on the Future Multilateral Cooperation in the North-west Atlantic Fisheries, herei- nafter referred to as the ‘NAFO Convention’, was approved by the Council in its Regulation (EEC) No 3179/78 (%) and entered into force on 1 January 1979 Whereas, in the framework of its wider international obli- gations, the Community participates in efforts to conserve fish stocks arising in international waters ; Whereas convention efforts should be assessed on the basis of relevant scientific data so as to permit the imple- mentation of conservation measures suited to the biolo- () OJ No L 24, 27. 1. 1983, p. 1. () OJ No L 378, 31. 12. 1978, p. 1. gical situation of stocks and their foreseeable development depending on the various options for exploiting them ; Whereas the present state of biological data as analysed by international scientific organizations and the conclusions which may be drawn therefrom should be taken as a basis for formulating choices regarding the management of stocks ; Whereas the extent to which such stocks are fished by the fleets of the Member States should be viewed in the light of overall fishing activity, and the contribution made hitherto by the Community towards their conservation should be taken into account; Whereas, in accordance with Article 3 of Regulation (EEC) No 170/83, it falls to the Council to establish the total allowable catches (TACs) by stock or group of stocks, the share available for the Community and also the specific conditions under which the catches must be made ; Whereas information on catches by Community vessels should be made available to the Member States concerned and to the Commission in order to ensure that those TACs are' complied with, HAS ADOPTED THIS REGULATION : Article 1 1.  Catches in 1986 of the species set out in Annex I by vessels flying the flag of a Member State in the regulatory area as defined in Article 1 (2) of the NAFO Convention shall be limited, within the parts of the regulatory area referred to in that Annex, to the quantities set out therein. 2.  By-catches of the species set out in Annex I taken in areas in which no allocation for directed fishing is provided for by this Regulation shall not exceed, for each of the species on board set out in Annex I, 2 500 kilo- grams or 10 % by weight of the total catch, whichever is the greater.