Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia exchange issues further rules

Cambodia exchange issues further rules

Cambodia exchange issues further rules

The Cambodia Securities Exchange took another step towards launching, as its regulator finalised rules on areas such as settlement period and fees.

The Securities and Exchange Commission of Cambodia held public consultations on the rules late last month before finalising them last week, it said in a press release.

Security settlements must be completed two days after the date of trade, or T+2, the release confirmed.

Meanwhile, annual fees were also set out, ranging from 50 million riel (US$12,547) to 2 million riel, dependant on the role the firm occupies.

ACLEDA Securities Director Svay Hay said yesterday he applauded the step forward for the bourse by finalising more of its rules to operate.

“[The rules] shows the progress of our stock exchange as we see it nearing completion for a launch this July,” he said.

However, he added fees charged for use CSX’s facilities were high, and pointed to a few issues requiring clarification.

One issue he highlighted came with the SECC’s decision to allow settlement in either dollars or riel, but require listings to be in riel only. It remains to be clarified whether a settlement denominated in dollars will use the exchange rate from the date of the trade, or the date of the settlement – which could be up to two days later.

The SECC said in the press release it had clarified several points brought up during its consultation process, adding the details would be released soon. SECC Director General Ming Bankosal was not available for comment yesterday.

MOST VIEWED

  • ‘Support of CNRP return online will lead to arrest’

    Anyone posting messages supporting the return of Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), on social media will be arrested, the Ministry of Interior announced on Tuesday. Ministry spokesman Khieu Sopheak told The Post on Monday that authorities

  • CNRP activists arrested for ‘plotting insecurity’

    Three activists for the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) have been sent to Phnom Penh Municipal Court after they were arrested for their alleged involvement in an overseas-organised plot to mobilise demonstrations and cause insecurity. National Police spokesman Chhay Kim Khoeun said the

  • Rainsy charged with ‘insulting the King’

    Ministries and state institutions have condemned Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), for allegedly insulting His Majesty King Norodom Sihamoni. The condemnation came in the wake of Rainsy’s claim on Thursday during an interview with Radio

  • Police conduct raid on Orchid massage parlour

    Thirty-seven people, including three minors, were detained after Phnom Penh Municipal Police and the Department of Anti-Human Trafficking and Juvenile Protection raided the Orchid massage parlour in Sen Sok district’s Phnom Penh Thmey commune on Monday. The 27-room massage parlour is believed to have