The humphead wrasse Cheilinus undulatus is a small but important part of the international trade in live reef food fish, being one of the highest species in unit value. The main threats of the live reef food fish trade to the sustainability of the species are overfishing and the effects of destructive fishing on the target species, non-target species and on the reef environment. In this context this report discusses the core elements of a management system for humphead wrasse, making considerations about major fisheries management objectives, management measures, enforcement, monitoring and fisheries assessment.