The Law on Securities 2006 of Vietnam was promulgated on June 29, 2006, of which one of the fundamental contents is the regulation on the rights of stock exchanges and securities trading centers.
Specifically, according to Article 37 of the Law on Securities 2006 of Vietnam, stock exchanges and securities trading centers shall have the following rights:
One, to promulgate regulations on securities listing, securities trading, information disclosure and trading members after such regulations are approved by the State Securities Commission.
Two, to organize and administer securities trading activities at their places.
Three, to suspend, stop or cancel securities transactions according to their securities trading regulations in case of necessity to protect investors.
Four, to list or delist securities and supervise the maintenance of conditions for listing of securities of listed organizations at their places.
Five, to approve or revoke the status of trading members; to supervise securities trading activities of trading members at their places.
Six, to supervise the information disclosure by listed organizations and trading members at their places.
Seven, to supply market information and information related to listed securities.
Eight, to act as a conciliation intermediary at the request of trading members upon the appearance of a dispute related to securities trading activities.
Nine, to collect charges according to the Finance Ministry's regulations.
View more details at: The Law on Securities 2006 of Vietnam takes effect from January 01, 2007.
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