Background
SERC maintains a dedicated Department of Management of Bond Issuance to provide supervisory oversight of issuance-related activities for market participants. The Department of Management of Bond Issuance at the Securities and Exchange Regulator of Cambodia conducts on-site inspections of issuer business operations and corporate governance.
On 11 June 2026, the department led by Thai Soksaphlin inspected the premises of Phestic (Cambodia) PLC after receiving authorization from government representative Sou Sochat in his capacity as acting Director-General of N.M.K. The on-site visit focused on reviewing the company’s business operations and corporate governance arrangements as part of ongoing market supervision.
Scope of Application
The department’s oversight applies to entities engaged in bond issuance and other capital-market activities subject to SERC supervision, including corporate issuers and their management structures. Routine and ad hoc on-site inspections form part of the regulator’s practical oversight measures for market participants involved in issuance activities.
Key Provisions or Decisions
SERC’s deployed team conducted a facility-level review at Phestic (Cambodia) PLC to assess operational practices and governance procedures. The operation was formally authorized by the regulator’s senior representative and carried out by specialized technical officers from the Department of Management of Bond Issuance.
Implications for Investors, Businesses, or Compliance
Corporate issuers should expect that the regulator may perform on-site reviews to verify operational records and governance arrangements relevant to bond issuance. Documentation and clear governance processes help companies respond to supervisory reviews and support transparent disclosure to investors and market authorities.
Official Source
Original public notice: SERC Facebook post (13 June 2026) — https://www.facebook.com/serc.gov.kh/posts/pfbid0c3JznVfeEe7Uyf8Dnz34SViAtnCYpqjhV4xN5FWN1JycGpXHP4sc7WabrmZrUwGPl
