This report presents the proceedings of the Bay of Bengal Large Marine Ecosystem Project Workshop on “The Status of Marine Managed Areas in the Bay of Bengal” held on 18-19 January 2011, at Penang, Malaysia. The workshop was hosted by the WorldFish Center, Penang, Malaysia. The workshop was attended by Marine Protected Area specialists and practitioners from the eight BOBLME countries namely, Bangladesh, India, Indonesia, Malaysia, Maldives, Myanmar, Sri Lanka and Thailand. The workshop focused on the Subcomponent 3.2 (Marine Protected Areas in the Conservation of Regional Fish Stocks) to develop a better understanding of and promote a more comprehensive approach to the establishment and management of marine protected areas (MPAs) and fish refugia for sustainable fisheries management and biodiversity conservation objectives.