; and (ii) in the case of an annual catch limit developed by a Council for a species, shall take into account fishing for the species outside the exclusive economic zone and the life-history characteristics of the species that are not subject to the jurisdiction of the Council. (B) Exception to annual catch limit requirement If fishery management activities by another country with respect to fishing outside the exclusive economic zone may hinder conservation efforts by United States fishermen for a fish species for which any of the recruitment, distribution, life history, or fishing activities are transboundary, and for which there is no informal transboundary agreement with that country in effect, then— (i) notwithstanding subsection (h)(6), no annual catch limit is required to be developed for the species by a Council; and (ii) if an annual catch limit is developed by a Council for the species, the catch limit shall take into account fishing for the species outside the exclusive economic zone that is not subject to the jurisdiction of the Council. (4) Authorization for multispecies complexes and multiyear annual catch limits For purposes of subsection (h)(6), a Council may establish— (A) an annual catch limit for a stock complex; or (B) annual catch limits for each year in any continuous period that is not more than three years in duration. (5) Ecosystem component species defined In this subsection the term ecosystem component species means a stock of fish that is a nontarget, incidentally harvested stock of fish in a fishery, or a nontarget, incidentally harvested stock of fish that a Council or the Secretary has determined— (A) is not subject to overfishing, approaching a depleted condition or depleted