Background
The Accounting and Auditing Regulator (ACAR) and subordinate units participated in a technical meeting of the Non-Bank Financial Services Authority (FSA) on 8 May 2026 to review draft regulatory instruments affecting the insurance and non-bank finance sectors. The meeting included review of a draft law on the Establishment of the FSA Institute and two draft sub-decrees related to insurance oversight.
The draft law on the Establishment of the FSA Institute proposes the statutory creation of an institute linked to the Non-Bank Financial Services Authority. A draft sub-decree under review would define which types of motor vehicles are subject to mandatory motor vehicle liability insurance enforced by the Insurance Regulator of Cambodia.
Scope of Application
The reviewed instruments target entities and activities within Cambodia’s non-bank financial and insurance sectors. Subjects explicitly covered in the meeting agenda include: the statutory basis for an FSA-linked institute, vehicle categories for mandatory liability insurance, and rules for an Insurance Sector Development Fund.
Key Provisions or Decisions
- Draft law on the Establishment of the FSA Institute — a proposed statutory instrument to create an institute associated with the FSA.
- Draft sub-decree on types of vehicles subject to mandatory motor vehicle liability insurance — a proposed regulatory text to identify vehicle categories that must carry liability cover under the Insurance Regulator’s framework.
- Draft sub-decree on the Organization and Functioning of the Insurance Sector Development Fund — a proposed instrument addressing the fund’s set-up and operational arrangements under the Insurance Regulator.
Implications for Investors, Businesses, or Compliance
If enacted, the draft instruments would establish new statutory and sub-decree-level norms that market participants in Cambodia’s insurance and non-bank financial sectors must follow. Businesses operating or underwriting motor vehicles should monitor the finalized vehicle classifications to ensure mandatory liability coverage aligns with any new legal requirements.
Official Source
Original announcement published by Accounting and Auditing Regulator (ACAR) on Facebook: https://www.facebook.com/acarcambodia/posts/pfbid02nz292q9BYe8aAJXwQBU4TeBv2qHCm5sVLYkoGEEavzqaWPBGfonE1Nfpz9i7sPugl (published 2026-05-11).
