On 20 July 2023, the Non-Banking Financial Services Authority issued Prakas No. 035 on the Issuance of Fund Units of Collective Investment Scheme (“Prakas“). This Prakas is a long-awaited legal instrument under the purview of the Securities and Exchange Regulator of Cambodia to basically kick-off the collective investment scheme (“CIS“) market in Cambodia.
This Prakas sets out the conditions and requirements as well as the procedure with respect to the issuance of fund units of CIS, and the operation of such funds thereafter in order to ensure accountability and transparency under the applicable laws and regulations. This Update highlights the key provisions in the Prakas.
For more information, click here to read the full Legal Update.
