What are the rules for securities activities in Vietnam?
What are the rules for securities activities in Vietnam? What are regulations on dispute settlement and compensation for damage in securities in Vietnam? What service shall a securities company licensed to provide securities brokerage services provide in Vietnam?
What are the rules for securities activities in Vietnam?
What are the rules for securities activities and market in Vietnam according to the current law?
Answer:
Pursuant to Article 5 of the Law on Securities in 2019 stipulating as follows:
"1. Respect of ownership and other rights to assets in securities activities; freedom to trade, invest and provide information about securities of organizations and individuals.
2. Fairness, openness, transparency.
3. Protection of investors’ the lawful rights and interests.
4. Accept risks."
Above are regulations on securities activities and market in Vietnam according to the current law.
What are regulations on dispute settlement and compensation for damage in securities in Vietnam?
What are regulations on dispute settlement and compensation for damage in securities in Vietnam according to the currect law?
Answer:
Pursuant to Article 133 of the Law on Securities in 2019 stipulating dispute settlement and compensation for damage in securities in Vietnam as follows:
- Securities-related disputes that occur in Vietnam shall be settled through negotiation and mediation, or by Vietnam’s arbitration or court proceeding as prescribed by law.
- The entity who violate against the lawful rights and interests of another organization or individual in securities activities and causes damage shall pay compensation and fulfill other civil liabilities under agreement, in accordance with the Civil Code and relevant laws.
- The jurisdiction and procedures for protection of the lawful rights and interests of organizations and individuals or settlement of securities-related disputes shall comply with regulations of law.
What service shall a securities company licensed to provide securities brokerage services provide in Vietnam?
What service shall a securities company licensed to provide securities brokerage services provide according to the current Law on Securities in Vietnam?
Answer:
Pursuant to Clause 1, Article 86 of the Law on Securities in 2019 stipulating a securities company licensed to provide securities brokerage services may:
- Receive and manage securities trading accounts of individuals; distribute securities or act as securities distribution agent; manage securities trading account; manage other enterprises’ lists of securities holders;
- Provide online securities trading services; provide or cooperate with credit institutions granting loans for purchase of securities or securities lending; provide or cooperate with credit institutions in advancing payment for securities; securities depository; offset and pay securities; provide other derivative-related services.
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