Authority and Responsibilities of the State Securities Commission

The State Securities Commission has the following powers and responsibilities:

1. To draft legal documents on supervising compliance with laws on securities and the securities market for Stock Exchanges (SGDCK) and Securities Depository Centers (TTLKCK), present them to competent authorities for issuance, and provide guiding documents as authorized.

2. To conduct supervision of SGDCK and TTLKCK according to the provisions of law to ensure that these units operate in accordance with legal regulations on securities and the securities market.

3. To approve the issuance by SGDCK and TTLKCK of operational regulations and other documents related to the performance of operations in the field of securities and the securities market as prescribed by law.

4. To devise and implement an annual compliance monitoring plan, organize periodic inspections according to the plan, or ad hoc inspections when necessary for SGDCK and TTLKCK.

5. To temporarily suspend securities trading activities of SGDCK, securities depository activities, and securities clearing and settlement activities of TTLKCK in cases where there are signs affecting the lawful rights and interests of investors.

6. To handle violations of the laws on securities and the securities market by SGDCK and TTLKCK within its authority or report to the competent authority for handling.

7. To report to the Ministry of Finance on the results of compliance monitoring work as stipulated in Chapter IV Circular 116/2017/TT-BTC.

See additional content at: Circular 116/2017/TT-BTC effective from December 08, 2017.

- Nguyen Trinh -

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