The Marine Ecology & Fisheries Enhancement Funds (MEFEF) Trustee Limited was formed in mid-2016 to act as trustee for the Marine Ecology Enhancement Fund (MEEF), the Fisheries Enhancement Fund (FEF) and the Top-up Fund (collectively, the “Funds”). The trustee, with the support of the directors on a pro bono basis, oversees the operation of the Funds and manage the Funds’ assets.
The FEF is managed by a FEF Management Committee, comprising members from fishermen’s association representatives, fisheries expert(s), relevant stakeholder(s) (including, but not limited to, community leaders, people having expertise/ experience in managing similar funds, academic(s) and green group representative(s)) and AA member(s), to manage the implementation of the Fisheries Management Plan (FMP). The FEF Management Committee will review, recommend and approve applications that meet the fund objectives as well as monitor project outcomes. In addition, a Steering Committee is also established for both MEEF and FEF, to provide overall directional guidance / policies for the fund operation to ensure that sufficient resources remain available for the Funds to meet the objectives in a long-term and sustainable manner.