Articles

Bourse Prakas Passed

In A road to establish a Stock Market, Stock Investment on October 7, 2009 by viCheth

Phnom Penh Post, TUESDAY, 06 OCTOBER 2009, NGUON SOVAN

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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