These Regulations regulate for Jersey and the territorial sea of Jersey the granting of licences to establish or maintain a fishery on any portion of the shore and bed of the sea, above or below, or partly above and partly below, low-water mark. The holder of a licence shall, subject to conditions contained in the licence, have within the limits of the fishery the exclusive right of depositing, propagating, dredging, fishing for and taking sea fish of any description to which the licence applies