Council Regulation (EC) No. 3699/93 laying down the criteria and arrangements regarding Community structural assistance in the fisheries and aquaculture sector and the processing and marketing of its products.

The Regulation consists of 19 articles and 4 annexes. The Commission shall adopt a "multiannual guidance programme for the fishing fleet" for individual Member States, on the basis of the information specified in annex II regarding a description of the current situation, the results from the previous programme and new guidelines. In accordance with the provisions of the multiannual programme each Member State shall present a sectoral plan and an aid application to be examined by the Commission (arts. 3 and 4). The financial instrument for fisheries guidance, hereinafter referred to as the "FIFG", may provide assistance on the following matters: 1) implementation of multiannual guidance programmes for fishing fleets (Title II); 2) investment aid in the fields of aquaculture, development of coastal waters, fishing port facilities and processing and marketing (Title II); 3) measures to find and promote new market outlets and other measures provided for by Title IV. Title V concerns general and financial provisions.