Shareholders and Members of the Securities Company

Shareholders and members of a securities company are stipulated in Article 6 of Circular 121/2020/TT-BTC. To be specific:

- Shareholders and contributing members of a securities company must ensure compliance with the provisions at Points c, d Clause 2 Article 74 of the Securities Law.

- Shareholders and contributing members holding 10% or more of the charter capital of the securities company must not exploit their advantage to harm the rights and interests of the company and other shareholders and members.

- Shareholders and contributing members holding 10% or more of the charter capital of the securities company must fully inform the securities company within 24 hours from the receipt of the information, in the following cases:

+ The shares or capital contributions are frozen, pledged, or handled according to a court decision;

+ The shareholder or member is an organization that decides to change its name or undergoes division, separation, dissolution, or bankruptcy.

- The securities company must report to the State Securities Commission on the cases specified in Clause 3 of this Article within 5 days from the date of receiving the notice from the shareholders or members.

Respectfully.