Regulation

The National Oceanic and Atmospheric Association issued a notice alerting that The Northwest Fishery Science Center has issued regulations on the unintentional taking of marine mammals that incidentally happens from research conducted by fisheries.  The plan anticipates unintentional taking of fish to occur during the next five years as research is conducted in the Pacific Ocean.

The issued regulations support the need for a letter of authorization acknowledging that incidental taking of fish may occur during the reported activities and timeframes  from an approved activity.

The letter also details the permitted methods of taking fish, and practices for lessening the impact on marine mammals habitat and species.

Lastly the Letter of Authorization outlines requirements around the monitoring and reporting of incidents of fish that are taken.

According to Section 101 of the MMPA, the Secretary of Commerce can allow, upon request, the incidental taking of fish small numbers below a specified threshold, by U.S. Citizens engaging in an activity other than that of commercial fishing within a limited geographical area. U.S. Citizens will need send the proper application, requests and other documents and wait for the process of notice, public comment, and issuance of regulations for permissible methods of taking that is pursuant to the applied activity.

Why It Mattrs

A fishery is a favorite business idea that we do not offer on our lists because of the many regulations that govern it and the differences of regulations between each state.  You will need to comply with federal, state, agency and other regulations before commencing business operations.  For example, each state has different bodies of water that may have been designated for specific purposes or protected areas.  Licenses, permits and other required documents might also need filing.

If you want a source to get an idea about what is needed to go into commercial fishing, check out California’s Department of Fish and Wildlife’s publication called California Commercial Fishing Digest, it goes over licenses needed, prohibited species, prohibited zones, permit filing, equipment and vessel registration and so much more.

There are videos online on how to make DIY fisheries in a backyard, but they are in other countries and did not mention whther regulation is not as enforced, non-existent, or professionally complied.

NMFS may authorize incidental taking if findings support a negligible impact on the species, mitigable and non-intensive impact on availability of species, mitigation, and monitoring and reporting requirements established by NMFS.

Disclaimer

Regulation Regular comments on actions of government agencies with an explanation and examination for stratagem or opportunity.

In an effort to find opportunity for entrepreneurial and investment efforts, I have begun to monitor more actions from governmental agencies regarding regulations.  This segment aims to highlight interesting developments in the business environment including competitors, regulations, or interesting occurrences.

THIS IS NOT LEGAL ADVICE.  THIS IS COMMENTARY ON REGULATION.

Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry.  An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented.  In this way we are doing our small part to encourage an informed people.

We start from modest beginnings but continue to identify, develop, and research opportunity and strategy for entrepreneurs, to better develop business ideas.