March 22, 2019 — In order to help mitigate the impact of a “no-deal” Brexit on European Union fisheries, a new regulation will allow member states’ fishermen and operators to receive compensation under the European Maritime and Fisheries Fund (EMFF), the European Council has confirmed.
The contingency measure is one of a series of new legislative acts adopted by the council in preparation for the United Kingdom’s departure from the E.U. without agreements in place about what the future relationship would look like. The compensation would be to offset the temporary stop of their activities in the event of a sudden closure of U.K. waters to E.U. fishing vessels.
These new acts are aimed to limit the most severe damage caused by a “disorderly Brexit” in specific sectors where it would create a major disruption for citizens and businesses, the Council said. The measures are temporary in nature, limited in scope and will be adopted unilaterally by the E.U.