Logo of Phnom Penh Post newspaper Phnom Penh Post - SECC sets minimum capital requirement

SECC sets minimum capital requirement

SECC sets minimum capital requirement

The Securities and Exchange Commission of Cambodia (SECC) has set a minimum capital requirement for securities firms, in order to protect their financial soundness.

A statement from the SECC, released yesterday, said that securities underwriters are required to hold a minimum of 40 billion riel of their shareholder’s equities, and to keep on deposit guarantee money of at least 4 billion riel.

This would be 25 billion riels for smaller securities dealers, as well as keeping a deposit of 2.5 billion riel, and 6 billion riel for securities brokers with 1 billion riel of guaranteed deposit at any time.

It also requires securities firms to maintain a net capital ratio not lower than 150 per cent and required them to report on the status of the net capital of their company.

To contact the reporter on this story: May Kunmakara at [email protected]

MOST VIEWED

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • US to ramp up sanctions after ‘flawed’ national polls

    At a press conference on Wednesday, the US State Department announced that it would expand visa sanctions on the Cambodian officials and individuals it deems responsible for “undermining democracy” in Cambodia. At the briefing, spokesperson Heather Nauert reiterated that the department regarded the July 29 elections

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by

  • Final poll results confirm first single-party Assembly

    IN an unprecedented situation in Cambodian politics, the official results of the July 29 national elections have declared that the Cambodian People’s Party (CPP) will take all 125 seats in the National Assembly on the back of it receiving 76 per cent of the votes. The National