The Law on Organization and Functioning of Non-Banking Financial Services Authority ("Law") was promulgated on 16 January 2021. Under the Law, a Non-Banking Financial Services Authority ("Authority") is created to regulate and supervise the non-banking financial sector in Cambodia. It is established to: (i) enhance and ensure the effective implementation of regulations relating to the non-banking financial sector; (ii) monitor the development of the non-banking financial sector; and (iii) promote the development and utilisation of financial technology in the non-banking financial sector.
The non-banking financial sector includes, but is not limited to, insurance and private pension, securities, social security, trust, accounting and audit, real estate, pawnshops, and transfer as security.
The Authority is governed by the Non-Banking Financial Authority Council. It has the General Secretariat, Insurance Regulator of Cambodia, Securities Regulator of Cambodia, Social Security Regulator, Trust Regulator, Accounting and Audit Regulator, and Real Estate and Pawnshop Business Regulator as its subordinated entities.
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