Legal Updates for December 2017

Codes of Profession and Conduct for Tourist Agents Take Effect

On 25 October 2017, the Ministry of Tourism issued Prakas No. 160 on the coming into force of the Code of Profession and the Code of Conduct for Tour Operators and Travel Agents. This Prakas aims to guarantee that the tourism sector in Cambodia is able to provide high quality services, and to enhance the social and moral values in the sector.

New Regulations on Audit on Bank and Financial Institutions

On 14 November 2017, the National Bank of Cambodia issued Prakas No. B7-017-335 on Audit on Banking and Financial Institutions to determine the accreditation requirements and obligations of external auditing companies, as well as the banking and financial institutions that are under the supervision of the National Bank of Cambodia.