Securities and Exchange Commission of Cambodia

What Securities and Exchange Commission of Cambodia does

The Securities and Exchange Commission of Cambodia (SERC) is Cambodia's national securities regulator, established in 2012 and operating under the Non-Bank Financial Services Authority (FMSA), which is chaired by the Deputy Prime Minister and Minister of Economy and Finance. SERC is headquartered in Phnom Penh with 91 employees and is led by Director General Su Chhorviche (Delegate of the Royal Government) and Deputy Director General Dr. Vin Phak Te. The organization's mandate covers licensing and supervision of securities offerings, the Cambodia Securities Exchange (CSX), brokers, dealers, investment managers, registrars, clearing agents, custodians, credit rating agencies, and other market intermediaries.

SERC's core service portfolio includes securities listing and registration, information disclosure enforcement, corporate governance oversight, joint investment project administration, market intermediary licensing, investor identification and registries, complaints handling, and education programs for market professionals, issuers, investors, and media. Supporting infrastructure comprises a multilingual website, mobile applications for iOS and Android, and official regulatory channels for laws, sub-decrees, prakas, and decisions. SERC participates in regional frameworks including the ASEAN Capital Markets Forum and Mekong Capital Markets Cooperation, and is currently collaborating with the Asian Development Bank on a fintech development roadmap for Cambodia's securities sector.

SERC does not operate as a commercial entity. It is funded through the Cambodian state budget administered by the Ministry of Economy and Finance and does not charge fees for its core regulatory services. The primary stakeholders served are listed companies, retail and institutional investors, and licensed market intermediaries; secondary engagement extends to diplomatic corps, academic institutions, and the broader public through investor education programs. Revenue mechanics are entirely non-commercial, and the entity's "distribution" is statutory oversight of the entire Cambodian securities ecosystem rather than go-to-market sales activity.

Name

Securities and Exchange Commission of Cambodia

Legal name

Securities and Exchange Commission of Cambodia

Website

https://secc.gov.kh

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Securities and Exchange Commission of Cambodia (SERC) is Cambodia's national securities regulator, established in 2012 under the FMSA, licensing and overseeing listed companies, market intermediaries, and investors on the Cambodia Securities Exchange.

Ownership category

akta.pro rank

Product category

Securities Regulation

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150), Executive, Legislative, and Other General Government Support (921)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

State/Provincial Licensing, Permitting & Regulatory Administration (Cross-sector) (BPAIABAO), Licensing & Permitting Authorities (General) (BPAIAOAB)

Keywords

• Securities regulation
• Capital markets oversight
• Market intermediary licensing
• Investor protection
• Securities exchange governance

Headquarters

HQ city

Phnom Penh

HQ country

Cambodia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels1 record

Marketing channels3 records

Core offering

SERC regulates Cambodia's securities and capital markets by licensing and supervising market participants (brokers, dealers, registrars, clearing agents, custodians, credit rating agencies, and professional service providers), overseeing securities offerings and listings, enforcing securities laws, and administering investor protection and education programs. The commission also sets and enforces corporate governance and information disclosure standards for listed companies, and oversees the Cambodia Securities Exchange (CSX).

Product overview

The Securities and Exchange Commission of Cambodia (SERC) operates as a unified regulatory platform for the Cambodian securities market. The core offerings include securities listing and registration services (equities, bonds, joint investment projects), investor services (identification, registries, education), market intermediary licensing and oversight, corporate governance enforcement, and information disclosure management. Supporting services include training programs for administrators and professionals, securities education for the public, and an official mobile application. The organization does not offer modular add-on products but rather a comprehensive suite of interconnected regulatory and market services.

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Listing Services Regulatory services for listing and registering securities, including equity securities, bonds, and joint investment projects, on the Cambodia Securities Exchange.
• Information Disclosure Services Required documentation and disclosure services for securities issuers and market participants to ensure transparency and regulatory compliance in the Cambodian securities market.
• Corporate Governance Oversight Regulatory oversight and supervision services ensuring proper corporate governance practices for listed companies and securities issuers operating in Cambodia.
• Joint Investment Project Management Regulatory oversight and management of joint investment projects under securities regulations in Cambodia.
• Independent Administrator Services Regulatory services for independent administrators operating within the Cambodian securities market framework.
• Administrator Training Program Training and certification programs for market administrators and securities professionals operating in Cambodia.
• Investor Services Services for securities market investors, including investor identification numbers, investor registries, consultations, complaints handling, and investor education support.
• Market Intermediary Licensing Licensing and authorization services for securities market intermediaries, including trading instruments, market operators, settlement agents, custodians, credit rating agencies, and professional service providers.
• Securities Education Programs Educational programs covering securities basics, FAQs, glossaries, and training for recognized professionals, potential issuers, potential investors, and media.
• SERC Mobile Application Official SERC mobile application for iOS and Android, providing access to regulatory information, news, and SERC services.
• Cambodia Securities Exchange (CSX) Trading Platform The Cambodia Securities Exchange (CSX) trading platform for securities trading in equities and bonds, overseen by SERC as the regulatory authority.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• ASEAN Capital Markets Forum (ACMF)coreStrategic or Co-development PartnerSERC participates in the ASEAN Capital Markets Forum, a regional cooperation body that works toward capital market integration across ASEAN member states.
• Mekong Capital Markets CooperationcoreStrategic or Co-development PartnerSERC collaborates with Mekong region partners on capital markets development initiatives.
• Asian Development Bank (ADB)coreStrategic or Co-development PartnerADB provides technical assistance to SERC for developing financial technology roadmap for the securities sector. The project involves preparing a draft roadmap for fintech development in the securities sector and organizing quarterly coordination meetings.
• Joint Commission for Bilateral Cooperation (JCBC) Cambodia-MalaysiaminorStrategic or Co-development PartnerSERC participates in the 3rd JCBC Cambodia-Malaysia meeting held in Kuala Lumpur, Malaysia, focusing on bilateral cooperation in financial services.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Securities Commission Malaysia: Malaysia's single securities regulator responsible for licensing, supervision, and development of the Malaysian capital market. SERC maintains direct bilateral cooperation with Malaysia via the JCBC mechanism.
• Securities and Exchange Commission, Thailand: Thailand's national securities regulator with an analogous mandate covering securities listing, intermediary licensing, market surveillance, and investor protection. Most directly comparable in scope and statutory structure within ASEAN.
• Lao Securities Commission Office: Lao PDR's national securities regulator with similar scope and stage of market development. Direct comparator within the Mekong region for capital market supervision capacity.
• Securities and Exchange Commission Philippines: Philippines' national securities regulator with similar functions across securities registration, intermediary licensing, and corporate governance oversight in an ASEAN emerging market context.
• State Securities Commission of Vietnam: Vietnam's central government body regulating securities market activities, public company securities, and securities services. Comparable as a regional emerging-market securities regulator with state-backed authority.

Broad incumbents

• Financial Services Authority of Indonesia (OJK): Indonesia's integrated financial services authority covering banking, capital markets, and non-bank financial services. Comparable as a broader ASEAN incumbent that supervises securities markets alongside other financial sectors.
• Monetary Authority of Singapore: Singapore's integrated financial regulator covering banking, insurance, and securities. While MAS has a much broader mandate, its securities-market oversight function is the most advanced regional reference point for SERC's modernization ambitions.
• Securities and Futures Commission (Hong Kong): Hong Kong's independent securities and futures regulator with globally benchmarked surveillance, licensing, and enforcement capabilities. Functions as a reference model for SERC's regulatory modernization.

Others

• Cambodia Securities Exchange (CSX): The securities exchange that SERC directly oversees. CSX is an ecosystem participant — not a peer regulator — but is structurally linked and provides the trading platform at the center of SERC's supervisory mandate.
• Non-Bank Financial Services Authority (FMSA) of Cambodia: SERC's parent authority within Cambodia's financial regulatory architecture. Related as an enabling/supervisory umbrella body rather than a direct functional peer in securities oversight.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCt4VRFO2RWQ
• LinkedInlinkedin.com/company/securities-and-exchange-commission-of-cambodia

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Securities and Exchange Commission of Cambodia