Pursuant to Decision No. 29/2003/QD-BNV of the Ministry of Home Affairs, the Vietnam Securities Business Association is permitted to be established. The Association operates according to its Statutes approved and is subject to state management by the State Securities Commission, and is responsible for its own funding and operational means.
Key points
- The Ministry of Home Affairs permits the establishment of the Vietnam Securities Business Association
- The Association operates according to its approved Statutes and is subject to state management by the State Securities Commission
- The Association is responsible for its own funding and operational means
🌐 Social impact of this document
- Creating conditions for the securities industry to develop through the establishment of an association to manage securities business activities
- Aiding in strengthening supervision and state management over securities activities
❓ Frequently asked questions
When was the Vietnam Securities Business Association established?
According to Decision No. 29/2003/QD-BNV, the Vietnam Securities Business Association was permitted to be established on June 11, 2003.
What Statutes does the Association operate under?
According to the Decision, the Vietnam Securities Business Association organizes and operates under Statutes approved by the Minister of Home Affairs.
Who is responsible for state management of the Association's activities?
According to the Decision, the State Securities Commission is responsible for state management of the activities of the Vietnam Securities Business Association.
How does the Association handle its own funding and operational means?
According to the Decision, the Vietnam Securities Business Association is responsible for its own funding and operational means.
When does this Decision take effect?
Decision No. 29/2003/QD-BNV takes effect 15 days after publication in the Official Gazette, which is June 26, 2003.
Full text
Pursuant to …;
Regarding the establishment of the Vietnam Securities Business Association
THE MINISTER OF THE MINISTRY OF HOME AFFAIRS
Pursuant to Decree No. 102/SL-L004 dated May 20, 1957 on the right to establish Associations;
Pursuant to the Government Decree No. 45/2003/NĐ-CP dated May 9, 2003 on the functions, tasks, powers, and organizational structure of the Ministry of Home Affairs;
Considering the proposal of the Steering Committee for the establishment of the Vietnam Securities Business Association, the proposal of the State Securities Commission, and the Department of Non-Governmental Organizations,
DECISION:
Article 1. Permission is hereby granted to establish the Vietnam Securities Business Association.
Article 2. The Vietnam Securities Business Association shall organize and operate in accordance with the Statutes of the Association approved by the Minister of Home Affairs and shall be subject to state management by the State Securities Commission in securities activities.
The Vietnam Securities Business Association shall finance its own operating expenses and means.
Article 3. The Standard Measurement Quality Control Department shall be responsible for organizing and guiding the implementation of the Regulations adopted herein.
Article 4. The Chairman of the Vietnam Securities Business Association, the Director of the Department of Non-Governmental Organizations, and the Head of the Ministry's Office are responsible for implementing this Decision./.
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