Background
On 6 March 2023, the Trust Regulator (TR) held a working meeting with experts from the Asian Development Bank (ADB). The session was led by H.E. Ney Sakal, Deputy Director General of the Trust Regulator, accompanied by the Acting Director of the Trust Registration Department, Mr. Hay Sovanna, and other senior officials. The meeting focused on the ongoing process to develop policy for the non-banking financial technology (FinTech) sector in Cambodia.
Scope of Application
The discussions related to the development of a Non-banking FinTech Development Policy for Cambodia. The scope covers non-banking financial technology activities and the associated regulatory and policy framework under the Financial Sector Assessment (FSA), with relevance for institutions and actors engaged in non-bank FinTech services and regulatory oversight.
Key Provisions or Decisions
The meeting addressed several core elements of the emerging Non-banking FinTech Development Policy:
- Review of the working progress on the preparation of the Non-banking FinTech Development Policy.
- Prioritization of work activities required for policy formulation in the non-banking FinTech sector.
- Identification of key performance indicators (KPIs) to monitor and assess implementation of the policy.
- Discussion of regulatory action plans under the FSA framework to support preparation of the draft Cambodia FinTech Development Policy.
The post does not indicate that a final policy or binding regulatory instrument was adopted at this stage; the focus was on review and preparatory work.
Implications for Investors, Businesses, or Compliance
While no formal rules or regulations were announced, the meeting indicates that Cambodian authorities, with support from ADB, are advancing the design of a structured policy framework for non-banking FinTech. Market participants in the FinTech and broader non-bank financial sector may anticipate future policy instruments that will include prioritized regulatory actions and defined KPIs. These developments may, in time, influence licensing, supervision, and reporting expectations for non-banking FinTech activities once the draft Cambodia FinTech Development Policy is finalized and implemented.
Official Source
The information is based on an official announcement by the Trust Regulator published on its Facebook page on 6 March 2023.
