Background
The Securities and Exchange Regulator of Cambodia (SERC) led a technical discussion with Asian Development Bank (ADB) advisors on September 30, 2026, focused on a Technology Risk and Cybersecurity Maturity Assessment for the non-bank financial sector. The SERC delegation included H.E. SOU Socheat, Director General, and H.E. Dr. VIN Pheakdey, Deputy Director General and Chair of SERC’s FinTech Working Group.
The Securities and Exchange Regulator of Cambodia (SERC) has prepared a draft Guideline on Technology and Cyber Risk Management for the securities sector. The Asian Development Bank (ADB) provides technical assistance to perform Technology Risk and Cybersecurity Maturity Assessments for non-bank financial sectors in partner countries.
Scope of Application
The draft Guideline under discussion targets entities and activities regulated by SERC within the securities market and is linked to a broader ADB technical assistance project addressing cybersecurity maturity in non-bank financial institutions. The ADB engagement in this case involved external experts from Grant Thornton supporting the assessment and review process.
Key Provisions or Decisions
During the meeting, SERC outlined its internal implementation mechanisms for technology-risk oversight and shared a draft Guideline on Technology and Cyber Risk Management in the securities sector. ADB experts received SERC’s recommendations and agreed to review the draft Guideline as part of the ongoing technical-assistance activities.
Implications for Investors, Businesses, or Compliance
The SERC draft Guideline is intended to set sector-specific expectations for technology risk governance and cybersecurity practices among securities market participants. ADB review of the draft may inform the final guidance that market participants and advisers will reference when aligning policies and internal controls with regulator expectations.
Official Source
Primary source: Securities and Exchange Regulator of Cambodia (SERC) post dated 30 September 2026. Meeting participants included H.E. SOU Socheat (Director General, SERC), H.E. Dr. VIN Pheakdey (Deputy Director General and FinTech Working Group Chair, SERC), Ms. Kelly Hattel (Senior Financial Sector Specialist, ADB) and ADB-contracted experts from Grant Thornton. Source URL: https://www.facebook.com/serc.gov.kh/posts/pfbid02ABUoxvzMK52175vNLhC5Gb3pVEhiV2enHndiA2UpvGDsHHR8Wwc4atkH1W1H6Gn3l
