According to Official Dispatch No. 10105/NHNN-PC dated December 10, 2024 of the State Bank of Vietnam on soliciting opinions on the draft Decree amending and supplementing a number of articles of Decree No. 155/2020/ND-CP detailing the implementation of a number of articles of the Securities Law.
The Ministry of Finance said that the drafting of the Decree amending and supplementing a number of articles of Decree No. 155/2020/ND-CP dated December 31, 2020 detailing the implementation of a number of articles of the Securities Law (Decree (amended)) aims to continue to perfect the legal framework in guiding the implementation of the Securities Law, in accordance with the Securities Law (amended), and to overcome a number of shortcomings arising in the practical operation of the securities market. At the same time, strengthen the effectiveness of state management of securities and the securities market, ensuring that the securities market operates fairly, publicly, transparently, safely and effectively. In particular, inheriting the relevant provisions in Decree No. 155/2020/ND-CP. Thereby, it will ensure the protection of the legitimate rights and interests of market participants.
Accordingly, the Ministry of Finance has drafted a Decree to provide detailed guidance on the implementation of a number of articles of the Securities Law and the Securities Law (amended). In particular, the subjects of application include: Vietnamese organizations and individuals and foreign organizations and individuals participating in securities investment and operating in the Vietnamese securities market; State management agencies of securities and securities markets; Other agencies, organizations and individuals related to securities and securities market activities.
Specifically, the Ministry of Finance has drafted a Decree with 05 Articles, including: Article 1 amending and supplementing a number of articles of Decree No. 155; Article 2, implementation provisions; Article 3, transitional provisions; Article 4, effective date; Article 5, implementation organization.
The Vietnam Banks Association requests member credit institutions to provide comments on this draft.
Please send your comments (including word files) to the Vietnam Banks Association via email: phamthivananh3110@gmail.com before December 17, 2024 for synthesis (Phone: 0904431189 - Ms. Van Anh).
VNBA looks forward to receiving the attention and cooperation of member credit institutions.
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