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1. The Member States concerned shall submit to the Commission a compensation plan for each region referred to in Article 70(1). That plan shall include the list, and quantities of fishery and aquaculture products and the type of operators referred to in Article 70, the level of compensation referred to in Article 71 and the managing authority referred to in Article 97. The Commission shall adopt implementing acts setting out its decision whether to approve such compensation plans.

2. Member States may amend the content of the compensation plan referred to in paragraph 1. Member States shall submit such amendments to the Commission. The Commission shall adopt implementing acts setting out its decision whether to approve those amendments. Where the amendments concern measures to compensate the economic losses resulting from the COVID‐19 outbreak under the second subparagraph of Article 70(1), the Commission shall adopt such implementing acts within 15 days of the submission of the amendment. Notwithstanding paragraph 4 of this Article, the implementing acts concerning measures to compensate the economic losses resulting from the COVID‐19 outbreak shall also set out the methods of calculation of the additional costs and the methods of implementation by the Member States.

3. The Commission shall adopt implementing acts defining the structure of the compensation plan. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 127(3).

4. The Commission shall be empowered to adopt delegated acts, in accordance with Article 126, laying down the criteria for the calculation of the additional costs resulting from the specific handicaps of the regions concerned.