Council Regulation (EC) No. 2468/98 laying down the criteria and arrangements regarding Community structural assistance in the fisheries and aquaculture sector and the processing and marketing of its products.

This Regulation consists of 21 articles and 4 Annexes. The Commission shall adopt a regulation laying down the criteria and arrangements regarding Community structural assistance in the fisheries and aquaculture sector and the processing and marketing of its product. Provision for the restructuring of the Community's fishing fleets shall be made in multiannual guidance programmes (art. 5). Each Member State shall present to the Commission in the form of a single programme document. Member States may take measures to promote the reorientation of fishing activities by encouraging the creation of temporary joint ventures and/or joint enterprises. Member States may, under the conditions specified in Annex II, take measures to encourage capital investment in the following fields: aquaculture, protection and development of marine resources in coastal waters, in particular by the installation of fixed or movable facilities to enclose protected underwater areas, fishing port facilities.