In 2012, Fisheries Commission requested to Scientific Council: to provide Bmsy and Fmsy for cod in Div. 3M. The aim of this work is try to provide an estimative of these Reference Points. Results show that no stock recruitment relationship fits appropriately the 3M cod data. The level of Bmsy estimated from YPR and SPR depends on assumptions about the level of recruitment. So, more research about the possibility of changes in productivity and the level of recruitment that should be used to estimate the MSY is needed