Cambodia licenses securities businesses
The Cambodian State Securities and
Exchanges Commission (SECC) will accept registrations from enterprises
who wish to operate in the securities sector from January 18.
The Cambodian State Securities and
Exchanges Commission (SECC) will accept registrations from enterprises
who wish to operate in the securities sector from January 18.
According to the Cambodian government’s announcement, the time allowed to receive registrations from those who wish to operate in the fields of issuance guarantee, stock, brokering or investment consultancies will last until March 1.
This is the latest step in the preparations to set up Cambodia’s first securities market.
The SECC’s General Director Ming Bankosal said that the SECC will consider the applications in a month.
According to the SECC, enterprises who want to guarantee issuance must have a minimum capital of 9.52 million USD while stock trading companies are required to have capital of 6 million USD and brokers 1.42 million USD.
Investment consultancies must ensure a minimum capital of 96,000 USD, reported the SECC./.
According to the Cambodian government’s announcement, the time allowed to receive registrations from those who wish to operate in the fields of issuance guarantee, stock, brokering or investment consultancies will last until March 1.
This is the latest step in the preparations to set up Cambodia’s first securities market.
The SECC’s General Director Ming Bankosal said that the SECC will consider the applications in a month.
According to the SECC, enterprises who want to guarantee issuance must have a minimum capital of 9.52 million USD while stock trading companies are required to have capital of 6 million USD and brokers 1.42 million USD.
Investment consultancies must ensure a minimum capital of 96,000 USD, reported the SECC./.
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