This Regulation lays down provisions governing the authorization for European Community fishing vessels to engage in fishing activities (i) in the waters under the sovereignty or jurisdiction of a third country in the framework of a fisheries agreement concluded between the European Community and that country; or (ii) in waters falling under the scope of conservation and management measures adopted in the framework of a regional fisheries management organization or similar arrangement to which the European Community is a contracting party or a non contracting cooperating Party. Moreover, this Regulation concerns the authorization for third country fishing vessels to engage in fishing activities in European Community waters. Details on reporting obligations are laid down as well.