Marine Resources Act of 2002. Country/Territory Micronesia, Fed. States Document type Legislation Date 2002 Source FAO, FAOLEX Long titleAn Act to further amend title 24 of the Code of the Federated States of Micronesia, as amended, by repealing chapters 1 through 5 in their entirety; by renumbering chapters 6 and 7 as chapters 10 and 11 respectively; and by enacting new chapters 1 through 9 of subtitle I; to establish the Marine Resources Act of 2002; and for other purposes. Subject Fisheries Keyword Basic legislation Marine fisheries Fishing gear/fishing method Allocation/quota Institution Registration Foreign fishing Access right International agreement-implementation Enforcement/compliance Offences/penalties Fishing authorization Geographical area Oceania, Small Island Developing States Abstract The purpose of the new Subtitle I is to ensure the sustainable development, conservation and use of the marine resources in the exclusive economic zone by promoting development of, and investment in, fishing and related activities in the context of effective stewardship. Section 102 contains definitions. No domestic fishing, commercial pilot fishing, foreign fishing or such other fishing or related activity as may be prescribed and no marine scientific research, training or foreign recreational Full text English Website www.fsmcongress.fm References - Legislation Amends Title 24 of the Code of the Federal States of Micronesia on marine resources. Legislation | Micronesia, Fed. States | 1982 (2001) Keyword: Marine fisheries, Inland fisheries, Fishing gear/fishing method, Allocation/quota, Institution, Registration, Foreign fishing, Enforcement/compliance, Offences/penalties, Fishing authorization, Basic legislation Source: FAO, FAOLEX