Drafting guideline and legal documents for the Regulation and Supervision on Social Security Fund

Start activities

21/10/2019

End activities

09/06/2020

Partner Institution

Ministry of Economy and Finances

Type of Assistance

Legislative & regulatory framework development

Code

2019-26

Description

The Action has channeled knowledge to the staff of the Cambodia’s National Social Protection Committee (NSPC ) on the guiding principles inherent to investment policies, regulation and supervision of the social security system. This happened in a phase of passing legislation building the social security system governance in Cambodia, as well as its core rules of functioning. Mobilized experts from Finland and Lithuania accompanied the Partner’s reflection on the role of the NSPC as main regulator and supervisor of the social security system in Cambodia. In that purpose, regulatory texts have been jointly prepared, such as one settling the function of regulation and supervision of social security operator, the code of conduct for staff of the NSCP, the guidelines for policy disclosure, for e-audit and risk management within social security schemes, and investment guidelines. A study-visit to Finland was also implemented in the framework of the Action: the Cambodian delegation has been hosted by the University of Helsinki, the Finnish Pension Alliance, the Finnish Centre of Pensions, the Finance inspection, and the Social Insurance Institution.