What are securities practice principles in Vietnam?

What are securities practice principles in Vietnam?

In the field of securities and current regulations, I would like to ask what principles must a person granted a securities practice certificate follow?

Reply:

Pursuant to Clause 2, Article 216 of Decree 155/2020/ND-CP stipulates as follows:

2. Securities practice principles:

a) A securities brokerage certificate holder may provide securities brokerage and securities investment advisory services;

b) A financial analysis certificate holder may provide securities brokerage and securities investment advisory services, proprietary trading, securities underwriting;

c) A fund management certificate holder may provide securities brokerage and securities investment advisory services, proprietary trading, securities underwriting, securities investment portfolio management, securities investment fund management;

d) A securities practicing certificate is only valid when its holder is working at a securities company, securities investment fund management company, Vietnamese branch of a foreign securities company or foreign fund management company, or investment company and his/her employment has been notified by the company to SSC;

dd) A person who holds 01 of the 03 securities practicing certificates mentioned in Points a, b, c of this Clause and has certificates of training in derivatives and derivative market may operate within the derivative-related certificates at a securities company or securities investment fund management company;

e) A securities practicing certificate holder may only work at 01 securities-related department at a time.

What are securities practice principles in Vietnam? (Image from the Internet)

What are documents serving identification of professional securities investors for holders of securities professional certifications in Vietnam?

I would like to ask, according to regulations, what are documents serving identification of professional securities investors for holders of securities professional certifications in Vietnam?

Reply:

Pursuant to Clause 3, Article 5, Decree 155/2020/ND-CP stipulates documents serving identification of professional securities investors as follows:

3. For the individuals mentioned in Point c Clause 1 Article 11 of the Law on Securities:

a) Unexpired ID card or passport;

b) Unexpired securities practicing certificate.

Pursuant to Point c, Clause 1, Article 11 of the Law on Securities 2019 regulations

1. Professional investors are investors that have adequate financial capacity or securities qualifications, including:

c) Holders of securities professional certifications;

Thus, for people with securities practice certificates, documents such as: ID card or citizen identification card or valid passport are required; Valid securities practice certificate to identify as a professional securities investor in Vietnam.

What are conditions to be granted a fund management certificate in the field of securities in Vietnam? 

What are conditions to be granted a fund management certificate in the field of securities in Vietnam? 

Reply:

Pursuant to Clause 3, Article 213 of Decree 155/2020/ND-CP stipulates the above content as follows:

3. The fund management certificate will be issued to an individual who:

a) Satisfies the conditions specified in Clause 2 of this Article; and

+ Satisfies the conditions specified in Clause 1 of this Article; and

+ Has the following qualifications: certificate of training in financial counseling and securities underwriting, certificate of training in financial statement analysis or equivalent certificates.

b) Has certificates of training in fund and asset management; and

c) Has at least 03 years’ experience of working in sales, investment, finance, accounting departments of enterprises, organization of finance-, banking-, insurance-, securities-, audit-related activities or has a lawful securities practicing certificate issued overseas;

Best regards!