The Securities and Exchange Commission (SEC) Philippines and the Securities and Exchange Regulator of Cambodia (SERC) have entered into a formal agreement to collaborate on the development of their capital markets.

The two regulatory bodies signed a Memorandum of Understanding (MoU) during a ceremony in Kuala Lumpur, Malaysia, on 4 November.

The agreement aims to facilitate mutual assistance, information exchange, and cooperation on shared regulatory interests.

Key areas of collaboration outlined in the MoU include regulatory supervision, enforcement, and technical cooperation in sustainable finance, fintech, and market digitalisation.

The agreement also highlights a commitment to building institutional capacity through human resource development programmes.

SEC Philippines Chairperson Francis Lim commented on the scope of the partnership.

“Under this MoU, the SEC and SERC will work together on regulatory supervision and enforcement; capacity-building and training and technical collaboration in sustainable finance, fintech, and market digitalisation,” Lim said.

He added that the partnership reflects a broader ASEAN vision to build “fair, efficient, and resilient capital markets” that contribute to sustainable development across the region.

SERC Director General Sou Socheat noted the significance of the collaboration in the current era of globalisation.

“This partnership is a testament to our belief that by working together, we can achieve far more than we can alone. We can create a more secure environment for investors, build greater confidence in our respective markets, and contribute to the financial integration and prosperity of the entire ASEAN region,” Socheat stated.

Featured image by brgfx via Freepik.