07 measures for assurance of security and safety of the securities market in Vietnam

17:23, 05/12/2019

On November 26, 2019, the National Assembly of Vietnam issued the Law on Securities 2019, replacing the Law on Securities 2006 and the amended Law on Securities 2010.

Allowing another person to borrow the account to trade securities is strictly prohibited in Vietnam from January 01, 2021

biện pháp bảo đảm an ninh, an toàn thị trường chứng khoán, Luật Chứng khoán 2019

According to Article 7 of the Law on Securities 2019 of Vietnam, 07 measures for assurance of security and safety of the securities market are specified as follows:

- Supervision of security and safety of the securities market;

- Response to and recovery from events that adversely affect the safety, stability and integrity of the securities market;

- Suspension of certain listed or registered securities from trading on the system;

- Suspension of some or all transactions of Vietnam Stock Exchange (VSE) and its subsidiaries;

- Partial or full suspension or restoration of securities registration, depositing, offsetting, payment functions of Vietnam Securities Depository and Clearing Corporation (VSDCC);

- Temporarily or permanently prohibition from holding certain positions in securities companies, fund management companies, branches of foreign securities companies, investment companies; prohibition from securities activities due to commission of securities offenses;

- Freezing the securities account; requesting a competent person to freeze a deposit account involved in a securities fraud.

View more details at the Law on Securities 2019 of Vietnam, effective from January 01, 2021.

Ty Na

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