Decision No. 108/2008/QD-BTC of the Ministry of Finance on the issuance of the Regulation on Organization and Management of Securities Trading of Unlisted Public Companies at the Hanoi Stock Exchange shall take effect 15 days from the date of publication in the Official Gazette.
Key points
- The Hanoi Stock Exchange → shall organize and manage securities trading of unlisted public companies
🌐 Social impact of this document
- Positive impact: Creates a legal basis for securities trading of unlisted public companies at the Hanoi Stock Exchange, enhancing management and supervision effectiveness.
- Negative impact: There is no specific information about costs or burdens on businesses.
❓ Frequently asked questions
How does this decision apply to unlisted public companies?
This decision applies to unlisted public companies trading at the Hanoi Stock Exchange.
What regulations must the Hanoi Stock Exchange implement?
The Hanoi Stock Exchange shall organize and manage securities trading of unlisted public companies according to the Regulation issued by the Ministry of Finance.
When does this decision come into effect?
This decision shall take effect 15 days from the date of publication in the Official Gazette.
What must relevant organizations and individuals do to implement this decision?
The Chairman of the State Securities Commission, the Director of the Office of the Ministry, the Heads of related units under the Ministry of Finance, the Director of the Hanoi Stock Exchange, and related organizations and individuals must be responsible for implementing this decision.
On what legal basis is this decision based?
This decision is based on the Securities Law No. 70/2006/QH11, Decree No. 77/2003/NĐ-CP, and Decree No. 14/2007/NĐ-CP.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 108/2008/QĐ-BTC |
Hanoi, November 20, 2008 |
Pursuant to …;
Regarding the issuance of the Rules on Organization and Management of Securities Trading for Unlisted Public Companies at the Hanoi Stock Exchange
THE MINISTER OF FINANCE
Pursuant to the Securities Law number 70/2006/QH11 adopted by the National Assembly on June 29, 2006;
Pursuant to the Decree number 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to the Decree number 14/2007/NĐ-CP dated January 19, 2007 of the Government detailing the implementation of certain provisions of the Securities Law;
Pursuant to the Circular number 4409/VPCP-KTTH dated July 7, 2008 of the Office of the Government regarding the preparation for the implementation of the securities trading market for unlisted public companies;
Based on the proposal of the Chairman of the State Securities Commission.
DECISION:
Article 1. The Rules on Organization and Management of Securities Trading for Unlisted Public Companies at the Hanoi Stock Exchange are hereby issued together with this Decision.
Article 2. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
Article 3. The Chairman of the State Securities Commission, the Director of the Office of the Ministry of Finance, the Heads of relevant units under the Ministry of Finance, the Director of the Hanoi Stock Exchange, and related organizations and individuals are responsible for implementing this Decision./.
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DEPUTY MINISTER |
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