Photo from the Post
Finance Ministry’s the Securities Exchange Commission of Cambodia –SECC- granted licence to The Cambodian Securities Exchange as a market machinist.
Ming Bankosal, SECC director All-purpose, said that it had certified the Cambodia Securities Exchange, meaning another hurdle has been cleared before its launch, according to the Post.
Meanwhile, trading firms got certificates at Phnom Penh Lodge to act as cash agreement agents, securities, and accountants and auditor firms.
Hong Sok Hour, Chief Executive Officer of Cambodia Securities Exchange, said that the licences were an indispensable constituent for the exchange, which is due to launch in July this year, papers continued.
“We are optimistic in this area the notch of the securities market in Cambodia, but we are not sure whether it will be thriving or not as we don’t have all the components in places yet,” added he.