This Regulation lays down a framework for the adoption of certain measures regarding the fisheries-related activities and policies of third countries in order to ensure the long-term conservation of stocks of common interest to the F1United Kingdom and those third countries.

The measures adopted pursuant to this Regulation may apply in all cases where cooperation between third countries and the F1United Kingdom is required for the joint management of the stocks of common interest, including where that cooperation takes place in the context of an RFMO or a similar body.