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1. A specific effort regime shall apply to the area enclosed by the coast of Ireland to the south of 53° 30' N and to the west of 07° 00' W and straight lines sequentially joining the following geographical coordinates:

— a point on the coast of Ireland at latitude 53° 30' N — latitude 53° 30' N, longitude 12° 00' W — latitude 53° 00' N, longitude 12° 00' W — latitude 51° 00' N, longitude 11° 00' W — latitude 49° 30' N, longitude 11° 00' W — latitude 49° 30' N, longitude 07° 00' W — a point on the coast of Ireland at longitude 07° 00' W.

2. In the area defined in paragraph 1, Member States shall assess the levels of fishing effort exerted by vessels equal to or more than 10 metres in length overall, as an annual average of the period 1998 to 2002, for demersal fisheries, excluding those covered by Regulation (EC) No 2347/2002, and fisheries for scallops, edible crab and spider crab, and allocate the level of fishing effort thus assessed for each of those fisheries.

3. By 31 December 2008 the Commission shall present to the European Parliament and the Council a report assessing the effort regime laid down in paragraphs 1 and 2 in conjunction with other management measures in the area concerned. On the basis of this report the Council shall decide on any necessary adjustment to be made.