Vietnam: Publishing information relating to online securities transaction

Regulations on online securities transaction services and risks that may be incurred during an investor's online securities transaction shall be published on securities company's, asset management company’s and fund certificate distributor’s official website and application software serving provision of online securities transaction services for investors. Risks that may be incurred include:

- Upon transmission over the Internet, transaction order may be suspended, delayed or data errors may occur;

- The identification of organizations or investors may be incorrect or security errors may occur;

- Price and other securities information may be incorrect or contain errors;

- Risks that may be incurred during adoption of methods of authenticating order placement by investors.

- Other risks that a competent authority, securities company, asset management company or fund certificate distributor finds that they are necessary for disclosure.

The Stock Exchange shall publish its regulations on electronic transactions on securities market and documents on electronic transactions on its website.

Vietnam Securities Depository shall publish the list of products and online securities transaction services that are allowed to be provided, its regulations on electronic transactions on securities market and documents on electronic transactions on its website.

The State Securities Commission shall publish the list of securities companies licensed to provide online securities transaction services, procedures, regulations on applications for provision of online securities transaction services and the list of securities companies whose decision on approval for provision of online securities transaction services is revoked on its website.

Circular No. 134/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from March 01, 2018.

- Nguyen Trinh- 

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