Non-Bank Financial Services Authority (FSA)

Message From  
H.E. Akka Pundit Sopheacha Aun Pornmoniroth

 Deputy Prime Minister, Minister of Economy and Finance

"Improving financial inclusion, maintaining financial stability, as well as creating new and increasing innovation in financial sector require careful attention and clear consider on the development of financial technology."

FSA Establishment Goal

To integrate the management and supervision mechanism on non-bank financial sector such as insurance and private pension, securities and exchange, social securities, trust, accounting and auditing, real estate, pawnshop, and security as transfer sectors; in order to strengthen and guarantee the effectiveness of scrutiny and development of non-bank financial sector, as well as the advancement and use of financial technology in non-bank financial sector in Cambodia.

Roles and Duties of FSA

  •  Act as legislator of insurance and private pension, securities and exchange, social securities, trust, accounting and auditing, real estate, pawnshop, and security as transfer sectors;

  •  Initiates non-bank financial sector development policies and strategies as well as non-bank financial technology to the government;

  •  Determines, monitors, and observes the implementation of the action plan and strategic plan for implementing non-bank financial sector development policies and strategies;

  •  Enhances market confidence, supports investors, and prevents financial crime within the non-bank financial sector by initiating investigations, collecting information from relevant persons, and taking action on freezing of assets or bank account balances of relevant persons in the event of suspicion of non-bank financial crime in accordance with the law in force;

  •  Contributes in the maintenance of and strengthening the stability of the financial sector;

  •  and encourages development of financial innovation.

Non-Bank Financial Services Authority Council

FSA is governed by the Non-Bank Financial Services Authority council with the following composition:
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H.E. Akka Pundit Sopheacha AUN PORNMONIROTH

Chairman

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H.E. ROS SEILAVA

Vice-chairman

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H.E. RATH SOVANNORAK

Member

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H.E. NGY TAYI

Member

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H.E. TEKRETH KAMRANG

Member

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H.E. MEY VANN

Member

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H.E. BAN KOSOL

Member

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H.E. SAN SORPHORN

Member

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H.E. CHAN NARITH

Member

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H.E. SOU SOCHEAT

Member

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H.E. SOK DARA

Member

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H.E. BOU THARIN

Member

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H.E. BOU CHANPHIROU

Member

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H.E. CHOU VANNAK

Member

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H.E. YEAN SOLINA

Member

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Dr. SAM SOKHOM

Member

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Mr. KIM VADA

Member

Roles and Duties of the FSA Council

  •  Examines and initiates the non-bank financial sector development policies and strategies as well as non-bank financial sector technology;

  •  Puts forth strategic plans and action plans to implement non-bank financial sector development policies and strategies;

  •  Examines and monitors the implementation of strategic plans and action plans of the Authority;

  •  Examines and decides on the preparation of Prakas, Circulars and Decisions in order to manage the non-bank financial sector;

  •  Examines and decides on conditions, procedures, and rules to issue, suspend and terminate licenses and/or certificates, approvals, accreditations, and registrations in the non-bank financial sector;

  •  Promotes and enhances the implementation of and compliance with the provisions of the Law;

  •  Monitors the fulfilment of roles and duties of subordinated regulators;

  •  Examines and approves budget plan for the operation of the Authority and the regulators and subordinated entities of the Authority; and

  •  Examines and decides the internal rules of the Authority.

Institutional Organization of FSA

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