Securities Law 2019: Additional Prohibited Acts Effective from January 01, 2021

18:18, 09/07/2024

The Securities Law 2019 was passed by the National Assembly on November 26, 2019, with numerous prominent new provisions. One of the notable new points in this Law is the addition of further prohibited activities in securities operations.

To be specific, alongside the prohibited acts previously stipulated in Law on Securities 2006, Law on Securities 2019 has added further prohibited acts pertaining to securities and securities market activities as follows:

- Utilizing one or multiple trading accounts of oneself or others to execute the purchase and sale of securities with the intent to create artificial demand and supply;- Using customers' accounts or assets without their authorization or in contravention of legal regulations, or abusing trust to appropriate customers' assets;- Allowing others to use one's account to trade securities, or holding securities ownership on behalf of others, leading to price manipulation activities;- ...

For detailed content, please refer to Law on Securities 2019, effective from January 01, 2021.

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