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1. The TAC for black scabbardfish in CECAF 34.1.2 shall be determined by Portugal.

2. The TAC to be determined by Portugal shall:

(a) be consistent with the principles and rules of the common fisheries policy, in particular the principle of the sustainable exploitation of the stock; and (b) result:

(i) if an analytical assessment is available, in the exploitation of the stock consistent with maximum sustainable yield from 2019 onwards, with as high a probability as possible; or (ii) if an analytical assessment is unavailable or incomplete, in the exploitation of the stock consistent with the precautionary approach to fisheries management.

3. By 15 March in each year of the application of this Regulation, Portugal shall submit the following information to the Commission:

(a) the TAC adopted;

(b) the data collected and assessed by Portugal on which the TAC adopted is based;

(c) details on how the TAC adopted complies with paragraph 2.