Requirements to be issued with certificate of eligibility to trade derivatives in Vietnam from 2021

Requirements to be issued with certificate of eligibility to trade derivatives in Vietnam from 2021
Nguyễn Trinh

Recently, the Government of Vietnam has issued the Decree No. 158/2020/NĐ-CP on derivatives and derivative market.

According to the Decree No. 158/2020/NĐ-CP of the Vietnam’s Government, one of the requirements to be issued with certificate of eligibility to trade derivatives is to meet the following charter capital and equity requirements:

- For derivative brokerage: the minimum charter capital or equity is VND 800 billion;

- For derivative proprietary trading: the minimum charter capital or equity is VND 600 billion;

- For derivative investment consulting: the minimum charter capital or equity is VND 250 billion;

- If a securities company engages in all of derivative brokerage, derivative proprietary trading and derivative investment consulting, its minimum charter capital or equity is VND 800 billion;

Previously, according to the Decree No. 42/2015/NĐ-CP, with regard to derivative consultancy services, the applicant must be a securities organization with its owner’s equity or charter capital which is not less than the authorized capital in accordance with regulations laid down in the law on securities. Currently, the Decree No. 158/2020/NĐ-CP of the Vietnam’s Government has specified that the minimum charter capital or equity in this case is VND 250 billion.

More details at the Decree No. 158/2020/NĐ-CP of the Vietnam’s Government, effective from January 01, 2021.

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