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7 requirements for providing online securities transaction services in Vietnam

Duy Thịnh

14:59, 19/01/2018

Recently, the Ministry of Finance of Vietnam issued Circular No. 134/2017/TT-BTC providing guidelines for e-transactions on securities market.

A notable content of Circular No. 134/2017/TT-BTC of the Ministry of Finance of Vietnam is the regulation on requirements for securities companies providing online securities transaction services. Specifically, securities company providing online securities transaction services shall:

- directly provide online securities transaction services for investors;

- design a website with the domain name registered through Internet to provide online securities transaction services;

- issue procedures for carrying out online securities services;

- provide personnel that have degrees or certificates of software administration, information system and security administration in order to manage and supervise operations of online securities transaction system;

- put the provision and use of online securities transaction services by investors in a contract or clause of the contract for opening a securities transaction account, specifying methods of carrying out online securities transactions, risks incurred during online securities transactions, responsibilities of each party for compensation for risks, etc.;

- record information on investor’s transaction request in online securities transaction system;

- report results of execution of transaction order to the investor after the order is matched in online securities transaction system.

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

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