Vietnam’s Decree 158: 10 powers of the Goods Exchange from January 22, 2007

According to Article 15 of Decree No. 158/2006/NĐ-CP of Vietnam’s Government, powers of the Goods Exchange are specified as follows:

- To select goods on the list of goods specified in Article 32 of this Decree and organize the trading of those goods through the Goods Exchange.

- To organize, administer and manage goods purchase and sale through the Goods Exchange.

- To accept or revoke the member status according to the provisions of the operation charter of the Goods Exchange.

- To request trading members to pay member status collaterals and trading collaterals according to the operation charter of the Goods Exchange.

- To collect membership fee, trading fee, information supply service charge and other service charges according to the provisions of the operation charter of the Goods Exchange and provisions of law.

- To promulgate regulations on listing, information disclosure and goods purchase and sale at the Goods Exchange.

- To inspect and supervise trading and information disclosure activities of members.

- To request members to take risk management measures specified in the operation charter of the Goods Exchange.

- To designate another trading member to perform a contract being currently held by a trading member whose member status has been terminated according to regulation.

- To act, when requested, as a conciliator upon the appearance of disputes related to goods purchase and sale through the Goods Exchange.

- To exercise other rights provided for in this Decree, its operation charter and law.

View more details at Decree No. 158/2006/NĐ-CP of Vietnam’s Government, effective from January 22, 2007.

Ty Na

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