The broadband anchovy (Anchoviella lepidentostole) is one of the most important fishery resources for economic and social development of Iguape City and for the whole of the south coast of São Paulo state. Nowadays this activity involves over 2,500 fishermen. This paper aims to evaluate its fishing, and discuss how the activity is managed. In order to conduct this study, production data and catch per unit effort (CPUE) data from the 1998-2000 period have been collected, and the characterisation of the activity has also been done. A decline in broadband anchovy abundance had been observed in the region up until 2004, when a new regulation was implemented, in an attempt to recover the resource, with the establishment of closed season fishing (defeso) during the catch season, and adjustments in the employed fishing gear. The results have shown a recovery of the abundance of broadband anchovy throughout the 2005-2010 period, showing thus far that the measures taken for the maintenance of the resource have been successful. The activity has been managed through discussions involving people from the fishing sector in order to determine the controversial actions to be taken, that are hard to enforce. In order to achieve a more satisfactory resource management, it is necessary to keep the participatory process, with adaptive co-management, based on discussion among all the sectors involved (from government and society), and constant monitoring of the activity.73691-
