1. The Common Fisheries Policy (CFP) shall cover:
(a)
the conservation of marine biological resources and the management of fisheries and fleets exploiting such resources;
(b)
in relation to measures on markets and financial measures in support of the implementation of the CFP: fresh water biological resources, aquaculture, and the processing and marketing of fisheries and aquaculture products.
2. The CFP shall cover the activities referred to in paragraph 1 where they are carried out:
(a)
on the territory of Member States to which the Treaty applies;
(b)
in Union waters, including by fishing vessels flying the flag of, and registered in, third countries;
(c)
by Union fishing vessels outside Union waters; or
(d)
by nationals of Member States, without prejudice to the primary responsibility of the flag State.