The CFP, implemented in 1983, has been reformed three times, in 1992, 2002 and 2013 (Fig. 2). In each instance, reforms aimed to preserve declining fish stocks. The late 1980s saw the fishing industry become a victim of its own success: high prices for fish landings led the industry to over-invest, which led to overfishing. Some claimed this was exacerbated by EU fishing industry grants, which were seen as a good way to promote regional development. The 2002 review withdrew the grants allocated to build new boats and provided incentives for decommissioning existing vessels. Recovery plans were also adopted in relation to specific threatened species, while management plans were implemented for some other stocks. In addition, a Compliance Scoreboard was published for member states and a code of conduct for responsible fishing was developed.