Trust in CIS
( Collective Investment Scheme )
A collective Investment Scheme (CIS) refers to a scheme that is authorized by SERC. The trustee is the legal representative assigned to safe keep fund assets of CIS.
- Secure the cash or property of an individual or a group of individual.
- Manage property in accordance with the governance agreement
- Represent the legal ownership of investment property.
- Reimbursement for the repurchase of fund units, payment of profits, dividends,
interest or other dividends in accordance with the trust deed.
- Supervise the investment decisions of the fund management company and ensure that the investments and loans authorized for fund are properly implemented.
- Ensure that the calculation of net asset value, unit cost ,fund purchase price, return fund is made in accordance with applicable law and regulations.
Collective Investment Scheme: How it works
The Collective Investment Scheme (CIS) – an important source of financing for large development projects that raise money from investors to invest in specific projects, with the profits or benefits distributed back to the investors – is relatively new in Cambodia.
A fund management company, a trustee, a distribution company, and a fund administrator are all needed to run a CIS.
All the aforementioned key players must be companies licensed by the Securities and Exchange Regulator of Cambodia (SERC)
the Kingdom’s securities sector regulator.