​In Brief: Bourse prakas passed | Phnom Penh Post

In Brief: Bourse prakas passed

Business

Publication date
06 October 2009 | 08:00 ICT

Reporter : Nguon Sovan

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A woman harvests rice in Siem Reap province last November. The World Bank and the government have launched a programme to improve the agricultural sector.

CAMBODIA’S securities regulator signed off on two prakas (edicts) Friday, one regulating securities firms and the other setting out rules for operators within the securities market, said a statement Friday by the Securities and Exchange Commission of Cambodia (SECC). The prakas are part of 30 being prepared by the SECC to run the bourse, it said. Among the minimum financial requirements set, securities firms wishing to underwrite offerings must have minimum capital of US$9.52 million, dealers $6 million, brokers $1.42 million and investment advisors $0.97 million, the prakas said.

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