A Collective Investment Scheme (“CIS”), as defined by the law of Cambodia, is an investment structure where various individuals come together by pooling their money to invest in a particular asset in the form of fund collections, returns or profits earned by the investors as per their investment proportion agreement or as per shareholding ratio between the investors. In 2018 Cambodia adopted the Prakas on “License and Management of Business on Collective Investment Scheme” whereby the Securities and Exchange Commission of Cambodia (SECC) is empowered as the to regulate, operate, and manage Collective Investment Schemes in the country. The regulation broadly defines the forms of entities necessary to incorporate for establishing or for carrying out CIS activities in Cambodia.
CIS refers to an investment scheme where a relevant license has been granted by SECC and/or has characteristics as follows:
- Collection of money or valuable things through the issuance of fund unit or electronic system including crowdfunding or other forms approved by the SECC to create public fund, private fund, or real estate investment trust;
- All collected money and valuable things used and managed by the fund management company of CIS to increase its financial benefit or benefits receiving from the right or benefits on a property for its member, even if they don’t manage the daily operations of CIS;
- The Trustee Company to maintains the property of CIS, on behalf of CIS;
- CIS can be an open fund or closed fund; and
- CIS can be in the form of contracts or a company.
In full: http://sa-asia.com/sa/investment-insights-collective-investment-scheme-cambodia
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