At the risk of repeating myself, I'll reiterate that not all individual fisheries are individual quotaed or individual transferable quotaed. There are a significant number that are not—they're competitive. The larger the boat, the greater the harvest capacity, and the greater the potential for individual species to be over-exploited. It focuses more on those fisheries that are not allocated on an individual licence-holder basis.
On February 15th, 2018. See this statement in context.