The functions of the Deep Sea Fishing Authority stipulated under section 6 of the Deep Sea Fisheries Management and Development (DSFMD) Act is to:

  1. Formulate, implement and monitor the implementation of national policy and strategies  concerning the conservation, management, development and sustainable use of fishery resources in the Exclusive Economic Zone;
  2. Develop, manage and control all activities relating to fisheries, including fishing and related activities, in relation to the Exclusive Economic Zone and all other areas, persons and activities within the application and scope of the DSFMD Act,
  3. Determine fees, charges, resource rent or royalties;
  4. Identify and promote any necessary means toward generating income and social benefits;
  5. Formulate and coordinate programmes for scientific, economic, social or other research in relation to the fisheries;
  6. Negotiate and enter into any contract, agreement or cooperation with any national and regional fisheries management institution or organization, international organization or other institution;
  7. Safeguard the marine environment of the Exclusive Economic Zone; and
  8. Do or undertake any other act or thing required or permitted to be done in furtherance of the objectives, purposes and provisions of the DSFMD Act.