Fine of up to VND 150,000,000 for acts of rasing, modifying the securities trading license in Vietnam

10:39, 30/09/2013

Below is notable content specified in Decree 108/2013/ND-CP providing for the sanctioning of administrative violations in the domains of securities and securities market in Vietnam.

Fine of up to VND 150,000,000 for acts of rasing, modifying the securities trading license in Vietnam (Internet image)

Decree 108/2013/ND-CP stipulates a fine of between VND 100,000,000 and 150,000,000 for any of the following violations in Vietnam:

Erasing, modifying the license;

Borrowing, hiring license, receiving the license transfer or lending, leasing, transferring its license;

Conducting securities business or providing securities services at locations without approval of the State Securities Commission or changing location of head office, branch, representative office, transaction room without approval of the State Securities Commission;

Conducting securities business or providing securities services while failing to meet all conditions as prescribed by law.

More details can be found in Decree 108/2013/ND-CP which comes into force from November 15, 2013.

Ty Na

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