This Regulation sets out the criteria for establishing the level of financial corrections and the criteria for applying flat rates as referred to in article 105 of Regulation (EU) No. 508/2014 regarding the implementation of the Common Fisheries Policy (CFP). In particular it is stipulated that the level of the financial correction in cases of non-compliance with the CFP rules shall be established in accordance with the following criteria: (a) significance of the potential prejudice to the marine biological resources resulting from the non-compliance with the CFP rules; (b) frequency of the non-compliance with the CFP rules; (c) duration of the non-compliance with the CFP rules; (d) remedial actions taken by the Member State.
2015-07-28