Thursday, November 4, 2010

Fifteen Stock Exchange Firms Licensed

Phnom Penh, November 4, 2010 AKP --

The Securities and Exchange Commission of Cambodia has decided to license 15 stock exchange firms to take part in the operation of stock market in Cambodia.

The licenses were handed over in Phnom Penh Tuesday by Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance.

Of the 15 licensed firms, seven are underwriters, two dealers, four brokers and two investment advisors.

Speaking at the license hand-over ceremony, Minh Ban Kosal, Director-General of the Securities and Exchange Commission of Cambodia, said that within the framework and vision of the financial sector development, the stock exchange firms are key players and an important infrastructure in the operation and development of stock exchange market in Cambodia.

He further said that the hand-over of the licenses reflected the achievement of an important step in putting the stock exchange market into operation and providing legal status to the stock exchange operators.

Keat Chhon advised the licensed firms to abide by laws, regulations and other requirements for the maintenance of order, market effectives, and especially the investors’ confidence to ensure the strength of stock exchange market system and the whole financial system of Cambodia. --AKP

(By Ravuth M.)

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