53Calculation of entitlement to quota following appeal

1. Every person entitled to receive a transfer of individual transferable quota under section 52 must receive—

2. an amount of individual transferable quota for the stock concerned equivalent to the number of shares the person would have received under section 47 if the person (and all other persons whose provisional catch history has since been altered) had owned the revised amount of provisional catch history on the date on which quota was allocated for that stock under section 47; and
3. an amount of shares equal to any shares that would have been transferred by the chief executive under section 22(1), where there has been a reduction in the total allowable commercial catch between the date of the original allocation of those shares under section 47 and the date of this calculation, as if that person had owned the revised amount of shares determined under section 53(1)(a).

4. If—

5. any person is entitled to receive a transfer of individual transferable quota under section 52 for any stock; and
6. the quota management area for that stock has been altered under section 25,—
the person is entitled to a transfer of the amount of quota for the new quota management area, calculated in accordance with subsection (1) or subsection (3), as the case may be, that the person would have been allocated on the date of the alteration of the quota management area if the person had on that date owned quota for the original stock, and the chief executive has all the powers under subsections (3)(c) and (4)(b) of section 52 necessary to give effect to that entitlement.

7. Repealed