Yes.
The system in Norway is a little bit different. We give out licences to companies owning vessels. This is a licence that allows you to fish according to the regulations that might be set each year, but nothing more than that.
The quota, meaning a quantity of fish, is given out in a yearly regulation set by the ministry. The licence can be sold from one vessel owner to another vessel owner, but only if the authorities approve and the new owner meets the requirements to hold this kind of licence.
The system does not have that high degree of privatization that you have in the Icelandic system, but the quantity of fish each and every vessel can fish is given out in yearly regulations.