Conditions for Securities Investment and Business

00:57, 12/07/2024

Effective July 01, 2016, Decree 86/2016/ND-CP on the conditions for investment and trading in securities (CK) comes into force.

CK Company is licensed to be established when the following conditions are met:

- Regarding headquarters, facilities, and equipment:- The working headquarters must ensure it supports CK business activities;- Adequate facilities, technical systems, office equipment, software systems to ensure the company's operational activities, and security equipment for the headquarters;

No equipment requirements for underwriting CK and investment advisory CK operations;

- Capital contribution at the time of establishment must be at least equal to the statutory capital level as stipulated in Clause 1, Clause 2, Article 71 of Decree 58/2012/ND-CP;

- A projected list of personnel, with a minimum of three CK practitioners suitable for each business activity for which the establishment license is applied, and a general director (director) meeting the specified standards;

- Shareholders and capital-contributing members, in addition to meeting the regulations in Clauses 5, 6, 7, and 10 of Article 71 of Decree 58/2012/ND-CP, regulations for foreign investors in Clauses 21, 24 of Article 1 of Decree 60/2015/ND-CP, must also comply with the requirements of Clause 4, Article 5 of this decree.

See detailed content in Decree 86/2016/ND-CP.

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