The task of the concise chapter is to describe the Danish experiences with a basic regulation based upon the principle of Transferable Fisheries Concessions, TFC - at the backgruund of the introduction of Transfreable Quotas in 2003 (pelagic fisheries) and 2007 (demersal fisheries). To do this the chapter looks upon the objective and the ends which were formulated as the purpose of the Danish privatization and introduction of transferable fishing quotas. The result is a huge profit driven concentration and monopolization process undermining most fishing communities, making fisheries heavily dependent upon the struggles on the financial markets, replacing sustainable fishing methods with heavy buttom trawling and undermining the future of young people in the fishing industry.