Regulation & law · 09/11/20151 min read

NMFS Clarifies Provisions for Divestiture of Excess Quota Shares in Pacific Coast Groundfish Fishery

The National Marine Fisheries Service (NMFS) has issued a final rule to clarify the process for divesting excess quota shares in the Individual Fishing Quota Fishery, a catch share program implemented in January 2011 for the Pacific coast groundfish limited entry trawl fishery, in preparation for the November 30, 2015, deadline for quota share permit owners to divest holdings exceeding accumulation limits.