On 26 January 2022, the Non-Banking Financial Services Authority issued a new Prakas No. 003 OSH/Prokor on Rules on the Management, Establishment and Functioning of Trust (“Prakas“).
The Prakas consists of eight chapters and 75 articles and applies to the operation of all trusts and the conduct of all persons related thereto in Cambodia. This Prakas aims to set out the rules, conditions, and procedures in controlling, organising, and operating a trust.
This Update highlights the key features of the Prakas.
For more information, click here to read the full Legal Update.
