Logo of Phnom Penh Post newspaper Phnom Penh Post - Securities regulator issues new licences

Securities regulator issues new licences

Securities regulator issues new licences

The Securities and Exchange Commission of Cambodia (SECC) has issued fund management licences to Aegies Fund Management Plc and PLMP Venture Capital Co Ltd, it said in a press release on Tuesday.

SECC deputy director-general Sok Dara told The Post on Thursday that the licence grants them the right to raise funds from the public to invest in the Kingdom, noting that their projects must be registered with the SECC.

“It is a good sign that Cambodia is attracting more the investors. This reflects strong growth in the fund management sector,” Dara said.

He said the SECC is currently reviewing a number of projects proposed by the fund management firms.

“They proposed some joint venture projects to the SECC, on which we are giving legal advice as our officials review things,” he said.

There has been a huge increase in market participants, he said, such as the five central counterparties in the derivatives market, the 27 derivative brokers and the seven fund management companies licensed this year.

Meanwhile, the SECC also approved three more trustee companies, Grand Cathay Investment Trust (Cambodia) Plc, Zillion Trust Plc and Vivid Asset Management Co Ltd.

Last year, SECC director-general Sou Socheat defined a fund management company as a business which enters into so-called “joint ventures” with public participation to fund projects and share their benefits.

MOST VIEWED

  • Research key to Kanitha’s rep for expertise

    Sok Kanitha is used to weighing in on controversial issues using a confident approach that signals expertise and authority, and a recent video she made was no exception. Her “Episode 342: The History of NATO” video went live on January 16, 2023 and immediately shot to 30,000 likes and 3,500

  • Cambodia maintains 'Kun Khmer' stance despite Thailand’s boycott threat

    Cambodia has taken the position that it will use the term "Kun Khmer" to refer to the sport of kickboxing at the upcoming Southeast Asian (SEA) Games, and has removed the term Muay from all references to the sport. Despite strong reactions from the Thai

  • Knockout! Kun Khmer replaces ‘Muay’ for Phnom Penh Games

    Cambodia has decided to officially remove the word Muay from the programme of the 32nd Southeast Asian (SEA) Games 2023 in May. “Kun Khmer” will instead be used to represent the Southeast Asian sport of kickboxing, in accordance with the wishes of the Cambodian people. Vath

  • Artificial insemination takes herd from 7 to 700

    Some farms breed local cows or even import bulls from a broad for the purpose of breeding heavier livestock for meat production. One Tbong Khnum farmer has found a more efficient way. Hout Leang employs artificial insemination to fertilise local cows. Thanks to imported “straws”

  • Chinese group tours return to Cambodia starting Feb 6

    Cambodia is among 20 countries selected by Beijing for a pilot programme allowing travel agencies to provide international group tours as well as flight and hotel packages to Chinese citizens, following a three-year ban. As the days tick down until the programme kicks off on February 6,

  • Capital-Poipet express rail project making headway

    The preliminary results of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway indicate that the project would cost more than $4 billion and would take around four years to complete. The study was carried out by China Road and