15. 5. 90 Official Journal of the European Communities No L 125/17 COUNCIL REGULATION (EEC) No 1236/90 of 25 April 1990 on the conclusion of the Protocol establishing for the period 27 June 1989 to 26 June 1992 the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Republic of Equatorial Guinea on fishing off the coast of Equatorial Guinea THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article 43 thereof, Having regard to the Act of Accession of Spain and Portugal, and in particular Article 155 (2) (b) thereof, Having regard to the proposal from the Commission,. Having regard to the Parliament (1), opinion of the European Whereas, pursuant to the Agreement between the European Economic Community and the Government of the Republic of Equatorial Guinea on fishing off the coast of Equatorial Guinea, signed in Malabo on 15 June 1984 (2), as amended by the Agreement signed in Brussels on 4 November 1987 (3), the two Parties conducted negotiations to determine the amendments or additions to be made to the Agreement atthe~ end of the period of application of the Protocol; Whereas, as a result of these negotiations, a new Protocol establishing the fishing rights and financial compensation provided for in the. abovementioned Agreement for the period 27 June 1989 to 26 June 1992 was initialled on 2 June 1989; Whereas, pursuant to Article 155 (2) (b} of the Act of Accession, it is for the Council to determine the procedures appropriate-to take into consideration all or part of the interests of the Canary Islands when it adopts decisions, case by case, particularly with a view to the conclusion of fisheries agreements with third countries; whereas the case in point calls for the said procedures to be determined; Whereas it is in-the Community’s interest to approve the Protocol, HAS ADOPTED THIS REGULATION: Article 1 The Protocol establishing, for the period 27 June 1989 to 26 June 1992, the fishing rights and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Republic- of Equatorial Guinea on fishing off the coast of Equatorial Guinea is hereby approved on behalf of the Community. The text of the Protocol is attached to this Regulation. Article 2 With a view to taking into consideration the interests of the Canary Islands, the Protocol referred to in Article 1 and, in so far as is necessary for its application, the provisions of the common _fisheries policy relating to the conservation and management of fishery resources shall also apply to vessels sailing under the flag of Spain, which are recorded on a permanent basis in the registers of the relevant authorities at local level (‘registros de base’) in the Canary Islands, under the conditions specified in Note 6 to Annex I to Council Regulation (EEC) No 570/86 of 24 February 1986 concerning the definition of the concept of ‘originating products’ and methods of administrative cooperation in trade between the customs territory of the Community, Ceuta and Melilla and the Canary Islands (4). Article 3 The President of the Council. is hereby - authorized to designate. the persons empowered to sign the Protocol in - order to bind the Community. Article 4 This Regulation shall enter into force on the third day following its publication in the Offical Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable .in all Member States. Done at Brussels, 25 April 1990. (1) OJ No C113,7. 5. 1990. () OJ No L 188, 16.7. 1984, p. 1. (3) O] No L 29,30.1.1987,p. 1. For the Council The President M. O’KENNEDY (*) OJNo L 56, 1. 3. 1986, p. 1.