keep REQUIREMENTS FOR LIFEJACKETS AND ATTACHMENTS
Mandates life-saving appliances (EPIRBs, lifejackets, float-free liferafts) for UK fishing vessels based on vessel length and construction date, with technical specifications, installation requirements, and enforcement through fines and vessel detention.
Deletion would likely increase fatalities among fishermen, as profit-seeking operators might underinvest in safety equipment due to asymmetric information and externalities. The regulation establishes a uniform, enforceable safety baseline that would be costly and incomplete to replicate through insurance or liability systems alone, especially for smaller vessels.