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Council Regulation (EC) No 744/2008 of 24 July 2008 instituting a temporary specific action aiming to promote the restructuring of the European Community fishing fleets affected by the economic crisis article 21 CELEX: 32008R0744 Follow-up and financial corrections
1. Member States shall ensure that aid granted pursuant to Chapters II, III and IV of this Regulation complies with the conditions laid down in Article 70 of Regulation (EC) No 1198/2006. 2. The Commission shall undertake the financial corrections provided for in Article 97 of Regulation (EC) No 1198/2006) if Member States fail to comply with the conditions laid down in this Regulation, in particular: (a) the obligation of persons or enterprises receiving aid to undergo restructuring measures pursuant to Article 6(1)(b); (b) the obligations laid down to reduce fishing capacity, and the temporary or permanent cessation of fishing activities as laid down in a Fleet Adaptation Scheme pursuant to Articles 12, 14 and 15; (c) reductions in fishing capacity effected in the framework of partial decommissioning undertaken pursuant to Articles 17, 18 and 19. The criteria for corrections laid down in Article 97 of Regulation (EC) No 1198/2006 shall apply accordingly. |