Applying the Form of Business and Securities Service Suspension in Administrative Violation Penalties
Article 49 of Decree 156/2020/ND-CP stipulates the application of suspension of securities business and services as follows:
When applying the additional penalty measure of suspending securities business and services as stipulated in Point a, Clause 2, Article 20; Point a, Clause 7, Article 24; Point a, Clause 7, Article 26; Point b, Clause 6, Article 27; Point a, Clause 2, Article 35; Point a, Clause 2, Article 36; Clause 7, Article 45; Point a, Clause 3, Article 46 of this Decree, the authority defined in Article 47 of this Decree has the right to issue a decision to suspend for a fixed period one or several or all of the business operations and securities services of the violating organization.
In cases where a decision is made to suspend for a fixed period one or several of the business operations and securities services, the authority defined in Article 47 of this Decree must specify in the penalty decision the business operation, securities service to be suspended, the duration of the suspension, and the effective date of the suspension decision.
In cases of suspension for a fixed period of securities business and services, the violating organization must immediately cease part or all of the business operations, securities services, or other activities specified in the penalty decision and must comply with the prohibitions or restrictions during the suspension period.
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