# Council Regulation (EC) No 1005/2008 of 29 September 2008 establishing a Community system to prevent, deter and eliminate illegal, unreported and unregulated fishing, amending Regulations (EEC) No 2847/93, (EC) No 1936/2001 and (EC) No 601/2004 and repealing Regulations (EC) No 1093/94 and (EC) No 1447/1999, Article 40: Prevention and sanction

Extent: E+W+S+N.I.

1. A fisheries administration must encourage nationals to notify any information pertaining to legal, beneficial or financial interests in, or control of, fishing vessels flagged to a third country which they hold and the names of the vessels concerned.
2. Nationals shall not sell or export any fishing vessel to operators involved in the operation, management or ownership of fishing vessels included in the United Kingdom IUU vessel list.
3. Without prejudice to other provisions laid down in ... law pertaining to public funds, a fisheries administration must not grant any public aid under national aid regimes ... to operators involved in the operation, management or ownership of fishing vessels included in the United Kingdom IUU vessel list.
4. A fisheries administration must endeavour to obtain information on the existence of any arrangement between nationals and a third country allowing the reflagging of United Kingdom fishing vessels to such third country. ....

---
Source: https://www.legislation.gov.uk/eur/2008/1005/article/40 (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-1005/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.