Background
The working review focused on the functional and structural role of the Non-Bank Financial Services Authority (FSA) in supervising financial technology and digital transformation within the non-bank financial sector. The Non-Bank Financial Services Authority is the institutional body responsible for governance arrangements that apply to non-bank financial service providers in Cambodia.
On 18 May 2026, ACAR Deputy Director General Nean Bony represented ACAR leadership at a working-group meeting to review and analyse the FSA’s functions related to financial technology and digital transformation. Ros Seilava, Secretary of State at the Ministry of Economy and Finance, chaired the working group in his capacity as Vice Chairman of the FSA Council.
Key Developments
The meeting convened senior ACAR officials and technical staff alongside leaders and technical officials from the Ministry of Economy and Finance and entities operating under the FSA. Participants discussed a formal review and analysis of the FSA’s functions and organisational structure as they relate to fintech and wider digital transformation in the non-bank financial sector.
Institutional Role
The review examines structural arrangements that determine supervisory scope, inter-agency coordination, and institutional responsibilities for non-bank financial services. Clarifying those arrangements is a prerequisite for defining which regulatory bodies set licensing criteria, conduct supervision, and coordinate oversight of digital financial service providers.
Policy Context
Assessment of the FSA’s functions and structure is part of a governance process that can inform updates to regulatory architecture for non-bank finance as service delivery shifts toward digital platforms. Findings from the analysis may provide an evidentiary basis for any future administrative or policy changes affecting licensing, monitoring, or consumer-protection arrangements for non-bank providers.
Source: Accounting and Auditing Regulator (ACAR) Facebook post, 18 May 2026: https://www.facebook.com/acarcambodia/posts/pfbid0227SPmQT3y4Mu1w3MJvLh22Xbj6s3Eexs21ro61gFd7c2sKkQJwKmAxVeHqL32CyFl
