Vietnam: Securities companies with a liquid capital ratio of 150%-180% will be warned

Le Hai

08:30, 04/12/2020

This is a notable content of the Circular No. 91/2020/TT-BTC of the Ministry of Finance of Vietnam on prudential indicators and actions against securities-trading organizations that fail to achieve the prudential indicators.

According to Article 13 of the Circular No. 91/2020/TT-BTC of the Ministry of Finance of Vietnam, the State Securities Commission (SSC) shall issue the decision to issue warning to a securities-trading organization in the following cases:

- The liquid capital ratio reaches from 150% to below 180% during the reporting periods in three (03) consecutive months; or

- The liquid capital ratio that has been examined or audited by an accredited audit organization reaches from 150% to below 180%; or

- The prudential indicator report about which the accredited audit organization issue a dissenting or contrary opinion, or a disclaimer of opinion, or fails to give any opinion, or issues a qualified opinion, the liquid capital ratio is from 150% to below 180%, if the exceptions are not included in the liquid capitals.

Note: The warning period begins when a warning is issued against the securities-trading organization and ends when SSC issues a decision to lift the warning.

View more details at the Circular No. 91/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2021.

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