Vietnam: What are the standards of government debt instruments trading members?

15:07, 03/06/2019

This is one of the featured contents mentioned in Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam providing guidance on registration, depositing, listing, trading and settlement of government debt instruments, government-guaranteed bonds issued by banks for social policies and municipal bonds.

According to Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, there are different standards for each type of member trading government debt instruments. To be specific:

Normal trading members:

- It must be a securities company that has a License for establishment and operation issued by the State Securities Commission of Vietnam (SSC) and is licensed to practice all trading operations, including securities brokerage, proprietary trading, consultancy and underwriting;

- It must be a depository member of Vietnam Securities Depository (VSD);

- It must meet the Stock Exchange’s technical facilities and personnel requirements to be satisfied by normal trading members for carrying out transactions on the trading system.

Special trading members:

- It must be a commercial bank or its branch that has a valid business registration license or operation license issued by a competent authority;

- Its charter capital paid-in or allocated must not be smaller than the legal capital as provided for in the Government's regulations on promulgation of list of legal capitals of credit institutions and relevant regulations;

- It must meet the Stock Exchange’s technical facilities and personnel requirements to be satisfied by special trading members for carrying out transactions on the trading system.

View relevant provisions at Circular No. 30/2019/TT-BTC of the Ministry of Finance of Vietnam, effective from July 15, 2019.

- Thanh Lam -

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