systems rely on the integration of near real-time observations into management decisions; third, et al., 2015[2). Furthermore, this kind of management system is deemed to function well under climate Managing the north-central anchoveta stock in this way is, however, resource-intensive and viable only because of the size and commercial importance of the stocks. Implementing this kind of management is 3.2.2. Total allowable catch limits and individual vessel quotas constrain fishing to Stocks of the Peruvian anchoveta have been subject to TACs since the GFL (Government of Peru, 1992[3) was passed in 1992. The law also included a cap of 200 000 m3 of vessel hold capacity and a requirement that no new capacity could enter the fleet without the retirement of existing capacity. The TACs are set based on stock assessments conducted by IMARPE. The biomass of anchoveta are highly sensitive to climatic conditions and consequently the TAC can vary considerably between years, and in particular in itself is set by PRODUCE, taking into account both the scientific evidence and the socio-economic context