How many employees with securities practice certificates must a securities company have?

Based on Clause 5, Article 74 of the Securities Law 2019 (Effective from January 1, 2020) stipulating personnel conditions for securities companies as follows:

The company must have a General Director (Director), at least 03 employees holding appropriate securities practice certificates for each business operation that is requested for licensing, and at least 01 compliance control employee. The General Director (Director) must meet the following standards:

- Not currently under criminal investigation or serving a prison sentence or banned from practicing in the securities field as stipulated by law;

- Having at least 02 years of experience working in the operation departments of organizations within the financial, securities, banking, insurance sectors, or in the finance, accounting, and investment departments of other enterprises;

- Holding a certificate of financial analysis practice or a certificate of fund management practice;

- Not having been administratively sanctioned in the securities field and the securities market within the most recent 06 months up to the time of application submission.

- In cases where there is a Deputy General Director (Deputy Director) in charge of operations, they must meet the standards set out in points a, b, and d of this clause and hold a suitable securities practice certificate for the operations they are in charge of.

=> Therefore, under the above regulations, a securities company must have at least 03 personnel holding securities practice certificates, 01 Director meeting the above standards, and 01 compliance control employee. Since your side only has 2 personnel holding securities practice certificates, it does not meet the personnel conditions of a securities company.

The above is the support content!

Respectfully!