Decision No. 127/2008/QD-BTC of the Ministry of Finance promulgates the Rules for Supervising Securities Trading on the Stock Market, applicable to organizations and individuals operating in the securities sector. Notably, it stipulates the responsibilities for supervision and implementation by state management agencies and related organizations.
Scope of application
State Securities Commission, Director of the Ministry of Finance's Office, Heads of relevant units under the Ministry of Finance, General Director of Ho Chi Minh City Stock Exchange, Director of Hanoi Stock Exchange Center, Director of Securities Depository Center, and related organizations and individuals.
Key points
- State Securities Commission → responsible for supervising securities trading on the stock market
- Director of the Ministry of Finance's Office, Heads of relevant units under the Ministry of Finance → responsible for implementing this Decision
- General Director of Ho Chi Minh City Stock Exchange, Director of Hanoi Stock Exchange Center, Director of Securities Depository Center → responsible for implementing this Decision
🌐 Social impact of this document
- Positive impact: Enhances management and supervision of securities trading, protecting investors' rights.
- Negative impact: May increase operational costs for management and supervision organizations.
❓ Frequently asked questions
Who does this Decision apply to?
This Decision applies to the State Securities Commission, Director of the Ministry of Finance's Office, Heads of relevant units under the Ministry of Finance, General Director of Ho Chi Minh City Stock Exchange, Director of Hanoi Stock Exchange Center, Director of Securities Depository Center, and related organizations and individuals.
When does this Decision take effect?
This Decision takes effect 15 days from the date of publication in the Official Gazette.
What responsibilities must related organizations and individuals fulfill according to this Decision?
Related organizations and individuals must be responsible for implementing this Decision, specifically the State Securities Commission and units under the Ministry of Finance.
On what basis was this Decision issued?
This Decision was issued based on the Securities Law No. 70/2006/QH11, Decree No. 118/2008/NĐ-CP, and Decision No. 63/2007/QĐ-TTg of the Prime Minister.
Does this Decision take effect immediately upon issuance?
No, this Decision takes effect 15 days from the date of publication in the Official Gazette.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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Number: 127/2008/QD-BTC |
Hanoi, December 31, 2008 |
Pursuant to …;
Regarding the issuance of the Trading Surveillance Rules for Securities Transactions on the securities marketPursuant to the Securities Law No. 70/2006/QH11 adopted by the National Assembly on June 29, 2006;
THE MINISTER OF FINANCE
Pursuant to Decree No. 118/2008/ND-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decision No. 63/2007/QD-TTg dated May 10, 2007 of the Prime Minister regarding the provisions on the functions, tasks, powers, and organizational structure of the State Securities Commission under the Ministry of Finance; At the proposal of the Chairman of the State Securities Commission,
The attached Trading Surveillance Rules for Securities Transactions on the securities market are hereby issued.
The Chairman of the State Securities Commission, the Director of the Ministry's Office, the Heads of relevant units under the Ministry of Finance, the General Director of the Ho Chi Minh City Stock Exchange, the Director of the Hanoi Stock Exchange Center, the Director of the Securities Depository Center, and related organizations and individuals are responsible for implementing this Decision./.
DECISION:
Article 1. The accompanying Decision promulgates the Rules on Supervision of Securities Transactions on the securities market.
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 Ministry's Office, Heads of relevant units under the Ministry of Finance, the General Director of the Ho Chi Minh City Stock Exchange, the Director of the Hanoi Stock Exchange Center, the Director of the Securities Depository Center, and related organizations and individuals are responsible for implementing this Decision./.
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DEPUTY MINISTER
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