If I fail to work as a certified securities professional, how long will my securities professional certification be revoked in Vietnam?
If I fail to work as a certified securities professional, how long will my securities professional certification be revoked in Vietnam? If my securities practice certificate is revoked due to non-practicing, can it be re-issued in Vietnam?
Hello. I have been granted a securities professional certification, in the past 3 years and I have not practiced. So will my securities professional certification be revoked?
If I fail to work as a certified securities professional, how long will my securities professional certification be revoked in Vietnam?
Pursuant to Clause 3, Article 97 of the Securities Law 2019, a securities professional certification will be revoked if its holder:
a) no longer satisfies the requirements specified in Clause 2 of this Article;
b) commits any of the offences specified in Article 12 or Clause 2 Article 98 of this Law; or
c) fails to work as a certified securities professional for 03 consecutive years.
Thus, according to the above regulations, if you fail to work as a certified securities professional for 03 consecutive years, your securities professional certification will be revoked in Vietnam.
If my securities practice certificate is revoked due to non-practicing, can it be re-issued in Vietnam?
Pursuant to Article 214 of Decree 155/2020/ND-CP has the following provisions:
1. The securities practicing certificate will be reissued in the following cases:
a) The certificate is revoked according to Point a or Point c Clause 3 Article 97 of the Law on Securities; is damaged or lost;
b) The applicant’s personal information on the certificate is changed (ID number, passport number, nationality, full name, date of birth).
2. An application for reissuance of the securities practicing certificate shall contain:
a) In case the certificate is revoked according to Point a or Point c Clause 3 Article 97 of the Law on Securities, the documents specified in Clause 4 Article 213 of this Decree;
b) In case the certificate is lost or damaged or the applicant’s personal information on the certificate is changed, the application form No. 85 in the Appendix hereof, the unexpired ID card or passport; 02 4x6 cm photos taken within 06 months before the application is received by SSC; the securities practicing certificate issued by SSC unless it is lost.
3. Procedures for reissuance of the securities practicing certificate shall comply with Clause 6 Article 213 of this Decree.
According to this Article, in case you have your securities professional certification revoked for not practicing for 3 consecutive years, you will be re-issued with your securities professional certification.
Best Regards!