Background
The Securities and Exchange Regulator of Cambodia (SERC) issues and regulates licenses for trustee companies that act as custodians or trustees in securities transactions. Trustee firms licensed by SERC typically perform fiduciary, custodial, or trust functions related to bond issuances and other collective securities arrangements.
SERC holds administrative authority to grant, suspend, or remove trustee company licenses under Cambodia’s securities regulatory framework. Licensing decisions for trustee companies are part of SERC’s mandate to oversee market intermediaries and protect investor interests within the securities sector.
Scope of Application
This decision concerns the trustee company license regime administered by SERC and applies to entities authorized to provide trustee or custodial services for securities in Cambodia. The scope includes licensed trustee companies operating from registered headquarters within the Kingdom and participating in bond or trust-related market activities.
Key Provisions or Decisions
SERC has decided to remove the Trustee Company License of Moogunghwa (Cambodia) Trust Plc. at the company’s request. The company’s registered headquarters is listed as Building 01, Ground floor and 1st floor, Poland Republic Blvd., Phum 7, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, as stated in the regulator’s announcement.
Implications for Investors, Businesses, or Compliance
The removal of a trustee company license terminates the firm’s authorization to act as a licensed trustee or provide custodial services in the securities market. Market participants and issuers should verify trustee licensing status with SERC when arranging custodial or trustee relationships for bond issues or other securities transactions.
Official Source
Announcement published by the Securities and Exchange Regulator of Cambodia on its Facebook page: https://www.facebook.com/serc.gov.kh/posts/pfbid0wJ8xbS7T4JqnqAXdaZkse4EEaaVyHHqi3G5aH9iQoSknDQEHjeSGKSAqk5vLxihQl
