The document discusses the challenges and loopholes related to illegal, unreported, and unregulated (IUU) fishing, particularly focusing on the new EU regulation set to come into force in January 2010. Although the regulation aims to enhance control measures and address IUU practices, significant issues such as weak compliance, lack of political will, and insufficient enforcement among member states remain. To strengthen the fight against IUU fishing, the document emphasizes the need for improved monitoring, cooperation among nations, and actions against individuals and companies involved in IUU activities.