Background
The Ministry of Commerce and the Techo Centre of the Ministry of Economy and Finance organized a stakeholder training session on the Law on Secured Transactions (2007) and the SETFO notice-filing system on 15 June 2026 in Phnom Penh. The course gathered participants from about 50 institutions, including youth entrepreneur associations, commercial banks, law offices, and prosecution offices, to review procedural and technical aspects of secured transactions and registry use.
The Law on Secured Transactions (2007) establishes a legal framework for creating and registering security interests over movable property in Cambodia. SETFO is the Ministry of Commerce’s electronic notice-filing system for recording security interests under that law, and the training included instruction on the upgraded SETFO 2.0 interface and core filing functions.
Scope of Application
The Law on Secured Transactions and the SETFO registry apply to agreements that create security interests in movable assets and govern the procedures for notice filing, priority, and enforcement related to those interests. The training materials and presentations covered types of collateral, parties’ rights and duties, and procedural steps for registering and updating notices in the registry.
Key Provisions or Decisions
- Overview of the Law on Secured Transactions (2007) and its procedural framework for security interests;
- Classification of types of collateral focused on movable property;
- Rights, obligations, and debtor-creditor agreements that create security interests;
- Methods for perfecting security interests and rules governing priority;
- Procedures for enforcement of security rights under the law;
- Instruction on using the SETFO notice-filing system, version 2.0;
- Practical demonstrations of SETFO functions for filing, searching, and managing notices;
- Discussion on developing the legal and institutional framework for secured transactions.
Implications for Investors, Businesses, or Compliance
Financial institutions and businesses that take or accept secured interests in movable assets must follow the Law on Secured Transactions’ registration and documentation procedures to record notices in SETFO. Legal practitioners and compliance officers benefit from understanding registry operations and priority rules to advise clients on collateral documentation and public notice requirements.
Official Source
Ministry of Commerce Facebook post: https://www.facebook.com/moc.gov.kh/posts/pfbid02fyETXwpRqBYteJiBjkRYM4yt7t9GMr2XpR8TvJxaZ81ewygXAUfotmnF5aas63pyl
SETFO registry: https://setfo.moc.gov.kh
