This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on the 28th day after the date of their notification in the Gazette, amend the Fisheries (Order of Transactions) Regulations 2001 by—
•revoking regulations 10, 11, and 12, which are now redundant (regulations 3, 4, and 5):
•inserting, as regulation 13(2)(d)(ii), a requirement that the chief executive registers settlement quota interests over any quota shares allocated under section 44 of the Fisheries Act 1996 (regulation 6):
•inserting new regulations 15A (dealing with the order of transactions where settlement quotas are subject to forfeiture under the Act) and 19A (dealing with the order of transactions in relation to caveats or mortgages where section 153 of the Act applies) (regulations 7 and 8).
The revocation of regulations 10, 11, and 12 is a result of the specified time for taking the actions having passed.