Recent catches have significantly exceeded recommended limits and management has historically been inadequate for controlling the fishery. A recovery plan was implemented in 2024.Faroe Plateau cod is primarily caught by Faroese fleets, accounting for around 95% of total catches in recent years. The UK and Norway also catch a small amount, accounting for around 4% and 1%, respectively. The Faroe Islands have a number of agreements to cover international fisheries arrangements. In 2025, it was agreed that the UK could catch up to 880t of Faroe cod and haddock (combined). Of which no more than 264 tonnes may consist of cod, and as bycatch only. No directed fisheries for cod are permitted under this quota.A management plan for Faroe Plateau cod, haddock, and saithe was implemented in 2021. Like previous measures, it uses a days-at-sea system rather than catch limits and aims to keep stocks above the point of reproductive impairment (Blim) with 95% probability. The number of allocated days at sea varies by gear type and vessel size, and the plan accounts for predicted cod and haddock bycatch in the saithe fishery. Longliners and small trawlers are regulated according to cod and haddock stock status, while large single trawlers and pair trawlers are regulated by saithe stock status. The harvest strategy allows annual adjustments of fishing days by ±5%, depending on whether biomass or fishing pressure exceed target reference points. A conversion factor is used to translate fishing days into predicted fishing mortality and catches. However, ICES notes that allocated fishing days do not necessarily correspond to actual catches due to fluctuations in species catchability.In November 2023, Faroese authorities began reviewing this plan, resulting in the inclusion of a recovery plan for the 2024 fishing year to address the critical status of Faroe Plateau cod. The recovery plan imposed stricter measures than usual, including a 20% reduction in fishing days for all longliners and small trawlers (compared to the standard 5% decrease). Larger trawlers, initially set for a 5% increase, were instead given a 10% reduction due to cod bycatch concerns. Additionally, spawning closures were extended by 14 days on both ends of the traditional period. The revised plan will be evaluated again in 2024 and has not yet been submitted to ICES for review, leaving its effectiveness uncertain.If the cod stock falls below Blim, as it was from 2020 to 2024, the plan includes a target for rebuilding within 1 generation (5 years). It is unclear if there are any additional measures to achieve this beyond reducing fishing days by 5% each year.In 2021, ICES catch advice was a 65% reduction for cod, 24% reduction for haddock, and a 37% increase for saithe compared to the previous year. The management plan was implemented accordingly: the 2022 allocation of fishing days for fleets 3-5 was 5% lower than in 2021, and the allocation for fleet 2 was increased by 5%. Cod catch in 2021 was 5,417 tonnes, 87% of the advice (6,247 t). Despite the zero-catch recommendation in 2023 and 2024, total catches were 3,732 tonnes in 2023 and 4,682 tonnes in 2024. This demonstrates that management has not followed scientific advice. It is notable that the management approach introduced in 2021 led to a continued stock decline, suggesting the plan may not be capable of achieving its own recovery targets.The previous management approach, which was also based on days-at-sea, failed to adequately control the fishery. Faroe Plateau cod catches were higher than the advice from 2014-2019, and were sometimes more than double the advice. From 2017-2020, catches exceeded recommended limits by 92%, on average. Therefore recent management was not appropriately managing the fishery.Conversely, the nearby cod population on the Faroe Bank was at historically low levels from the early 2000s until 2020. The Bank was almost completely closed to fishing, with the exception of a small artisanal jig fishery. Recent surveys indicate that the cod population is now beginning to increase. This suggests that the appropriate management approaches have been employed in other fisheries in the past - with success.Other management measures include:A minimum permitted size of 40 cm for cod, 37 cm for haddock, and 45 cm for saithe.Consideration of real-time closures of an area if the proportion of juvenile fish in catches exceeds 30% of a haul (cod less than 50cm, saithe less than 55cm and haddock less than 45cm).Restrictions on where vessels can fish. In general, large vessels cannot access the 0-12nm zone. Around 60% of the Faroe Plateau shallower than 200m is closed to trawling for most of the year. Most of the Faroe Bank is permanently closed to trawling.There is a discard ban, and compliance with this appears to be high.The Faroe Islands are also a member of the North East Atlantic Fisheries Commission (NEAFC). Vessels listed on the NEAFC Illegal, Unreported and Unregulated list (blacklist) are not permitted to call at ports, receive services and supplies or change crew members in any port of the member countries of NEAFC.The cod and haddock fisheries achieved MSC-certification in 2021 following the introduction of the management plan. The cod certification has since been suspended owing to the poor stock status.
