UK fishermen can join any PO in any part of the country, however, so that although most POs do have a strong regional identity, members are often attracted by the quota management systems or specialisations offered by the PO. Thus, for example, the SWFPO membership includes beam trawlers and scallop dredgers from outside the South west, even Scotland. Although there is an active FQA/quota market in the UK, and fishing firms routinely use the money value of FQAs as security for bank loans, the legal position is that FQAs are not private property in law. This was tested recently in a UK High Court judgement which found that Government had the right to allocate FQAs as it saw fit, without financial compensation, and that fishing firms had no “legitimate expectation” that the rights conferred by FQAs amounted to possession. This is despite the fact that FQAs had been adjusted to reflect private quota trades three times (in 2001, 2005 and 2011).
UK fishermen can join any PO in any part of the country, however, so that although most POs do have a strong regional identity, members are often attracted by the quota management systems or specialisations offered by the PO. Thus, for example, the SWFPO membership includes beam trawlers and scallop dredgers from outside the South west, even Scotland. Although there is an active FQA/quota market in the UK, and fishing firms routinely use the money value of FQAs as security for bank loans, the legal position is that FQAs are not private property in law. This was tested recently in a UK High Court judgement which found that Government had the right to allocate FQAs as it saw fit, without financial compensation, and that fishing firms had no “legitimate expectation” that the rights conferred by FQAs amounted to possession. This is despite the fact that FQAs had been adjusted to reflect private quota trades three times (in 2001, 2005 and 2011).
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