I(Acts whose publication is obligatory)COUNCIL REGULATION (EC) No 1198/2006of 27 July 2006on the European Fisheries FundTHE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty establishing the European Commu-nity, and in particular Articles 36 and 37 thereof,Having regard to the proposal from the Commission,Having regard to the opinion of the European Parliament (1),Having regard to the opinion of the European Economic andSocial Committee (2),Having regard to the opinion of the Committee of the Regions (3),Whereas:(1) The development of the Community fishing fleet must beregulated in particular according to decisions that theCouncil and the Commission are called upon to take byvirtue of Chapter II of Council Regulation (EC)No 2371/2002 of 20 December 2002 on the conserva-tion and sustainable exploitation of fisheries resourcesunder the Common Fisheries Policy (4).(2) The objective of the common fisheries policy should beto provide for sustainable exploitation of living aquaticres...