Regulation of the Law on Protection and Exploitation of Marine Resources.

The purpose of this Regulation is to manage aquatic resources and identify exploitable recources based on scientific research as well as social and economic needs. The Regulation consists of 81 Articles divided to 8 Chapters as follows: General Definitions (I); The Scope of the Law and its Executive Regulation (II); Project Management of Fish Stocks (III); Corporative, Services and Port Facilities (IV); Proliferation and Nurture of Aquatic (V); Fishing Activities (VI); Methods of Controlling Aquatic Products (VII); Protection of the Aquatic Environment (VIII). To implement the project management of fish stocks more efficiently, the Regulation establishes three Commissions based on geographical divisions. Any fishing corporative as well as individual who is working in this section professionally are required to obtain specific certificate from the Fisheries Organization. The Regulation also contains provisions regarding fishing ports and fishing vessels. On water issues, the Fisheries Organization should have close cooperation with the Ministry of Energy. Any import or export in fishing section is only allowed with the official permit of the Fisheries Organization. The Fishing Organization may determine the fishing quota allocated to each licensee. Violation of provisions of this Regulation will lead to suspension of the issued certificate for the first time and its annulment in case of repetition.