Fiskistofa, the Directorate of Fisheries is an agency of the Ministry of Industries and Innovation. The Directorate's task is monitoring fisheries and the daily administration of the fisheries management system in Iceland.
This involves issuing of fishing permits, distribution of quotas and overseeing the daily operation of the individually transferable quota system. The Directorate has the authority to revoke fishing licenses and impose sanctions in cases of over-fishing and non compliance with rules.
The Directorate collects data on all landed catch from ports of landing in real time as well as information on processing and exports of fish products. The Directorate monitors the operation of fishing vessels, the weighing in of landed catch and processing of fish both on site and through electronic surveillance such as through vessel monitoring systems which the Agency runs in cooperation with the Coast Guard of Iceland.
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