The Commission of the SPRFMO,

Noting that despite the efforts that have been made to arrest the depletion of the Trachurus murphyi stock, it remains at very low levels;

Concerned in particular with the low levels of the current biomass, high fishing mortality and the high degree of associated uncertainties;

Taking into account the outcomes of the stock assessment carried out in October of 2012 and the advice of the Scientific Working Group (SWG) established by the Preparatory Conference,

Bearing in mind the commitment to apply the precautionary approach and take decisions based on the best scientific and technical information available as set out in Article 3 of the Convention;

Recognizing that a primary function of the Commission is to adopt conservation and management measures to achieve the objective of the Convention, including, as appropriate, conservation and management measures for particular fish stocks;

Affirming its commitment to rebuilding the stock of Trachurus murphyi and ensuring its long term conservation and sustainable management in accordance with the objective of the Convention,

Recognizing the need for effective monitoring and control and surveillance of fishing for Trachurus murphyi in the implementation of this measure pending the establishment of monitoring, control and surveillance measures pursuant to Article 27 of the Convention; 

Recalling Articles 4(2), 20(4) and 21(2) of the Convention;

Adopts the following conservation and management measure in accordance with Article 8 of the Convention: