General rules for the deduction of quotas and fishing efforts for excess of utilisation
Article 47
The calculation regarding the extent of excess utilisation of fishing opportunities shall be based on the fishing opportunities available to the Member State at the end of each relevant period. This assessment will take into account the exchange of fishing opportunities in accordance with Article 16(8) of Regulation (EU) No 1380/2013, quota transfers as per Article 4(2) of Council Regulation (EC) No 847/96 or Article 15(9) of Regulation (EU) No 1380/2013, as well as quota transfers and exchanges with third countries or RFMOs. Additionally, the reallocation of available fishing opportunities under Article 37 of Regulation (EC) No 1224/2009 and the deduction of fishing opportunities in accordance with Articles 105, 106, and 107 of Regulation (EC) No 1224/2009 shall also be considered in the calculation.