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REPORT OF THE PACIFIC BLUEFIN TUNA WORKING GROUP WORKSHOP

In North America, certain regulatory functions of exchanges have been delegated or contracted to third party non-governmental regulators (FINRA5 in the United States and IIROC6 in Canada), while others, notably in the area of listing, have been retained by exchanges themselves. In Europe, in most cases, it is the capital market regulators, not exchanges, who have an upper hand in issuer regulation according to national and, in many cases, EU legislation. 7 For instance, in Poland, the company is required to submit a draft of the issue prospectus to the Polish Financial Supervision Authority, which has the. | Annex 7 REPORT OF THE PACIFIC BLUEFIN TUNA WORKING GROUP WORKSHOP International Scientific Committee for Tuna and Tuna-like Species in the North Pacific Ocean May 28-June 4 2008 Shimizu Japan continued July 17-18 2008 Takamatsu Japan Table of Contents 1. Opening and meeting arrangements.3 2. Adoption of Agenda and appointment of Rapporteurs.3 3. Review of fisheries indicators.3 3.1 Catch data.3 3.2 Overview of the fishery indicators.5 4. Review of biological studies.6 4.1 Progress of growth studies by otolith.6 4.2 Other biological studies.7 5. Review of fisheries data prepared for stock synthesis 2.12 6. Review of model setting prepared for Stock Synthesis II.16 7. stock assessment analysis work.17 7.1 Base case. 17 7.2 Diagnostic.19 7.3 Likelihood profiles on R0 Figs in Appendix 5 .20 7.4 Sensitivity analyses. 21 7.4.1 Sensitivity to M . 21 7.4.2 Sensitivity to Growth and Maturity . 22 7.4.3 Sensitivity to stock recruitment relationship.23 7.4.4 Sensitivity to weighting on length frequency and CPUE series .24 7.4.5 Sensitivity runs for secondary CPUEs and equilibrium catches.24 7.4.6 Sensitivity runs for effective sample size Korean catch and estimating recruitment deviation.25 7.4.7 Discussion on the overall Sensitivity section.25 7.5 Future projection.25 7.6 Recommendations .28 7.7 Overview of the uncertainties related to the stock assessment results.28 7.8 Stock status relative to target and limit F-based reference points.29 8. Conclusion on the stock status.29 9. Recommendations review of schedule and assignments.31 PBFWG 9.1 Fisheries indicators and data.31 9.1.1 Short-term recommendations.31 9.1.2. Medium-term recommendations.31 9.1.3. Long-term recommendations.32 9.2 Biological studies. 32 9.2.1. Short-term recommendations. 32 9.2.2. Medium-term recommendations . 32 9.2.3. Long-term recommendations . 33 9.3 Assessments and projections. 33 9.4 Next Working Group meeting.33 10. Other matter.34 11. Adoption of reports and closure of the meeting.34 Appendix 1.