THE MINISTRY OF FINANCE
THE STATE SECURITIES COMMISSION
Decision No. 09/QD-UBCK dated January 08, 2013 of the State Securities Commission amending the regulations on margin trading of securities
Pursuant to the Law on Securities dated June 29, 2006;
Pursuant to the Law on amending and supplementing a number of articles of the Law on Securities dated November 24, 2010;
Pursuant to the Decree No. 58/2012/ND-CP dated July 20, 2012 of the Government stipulating in detail and guiding the implementation of a number of articles of the securities Law and the law amending and supplementing a number of articles of securities Law;
Pursuant to the Decision No. 112/2009/QD-TTg dated September 11, 2009, of the Prime Minister defining the functions, tasks, powers and organizational structure of the State Securities Commission of the Ministry of Finance;
Pursuant to the Circular No. 74/2011/TT-BTC dated June 01, 2011 guiding on securities transaction
Pursuant to the Decision No. 637/QD-UBCK dated November 30, 2011 of the State Securities Commission on the promulgation of the Regulation guiding the margin trading of securities;
At the proposal of the Head of the Security Trading Management Department,
DECIDES:
Article 1. To amend a number of articles of the Regulation guiding the margin trading of securities, issued with the Decision No. 637/QD-UBCK dated November 30, 2011 of the State Securities Commission (hereinafter called the Regulation):
1. To annul point b, clause 3, Article 8 of the Regulation;
2. To amend clause 1 and 2, Article 16 of the Regulation as follows:
“1. The initial margin is decided by the securities company, but not lower than 50%
2. The maintenance margin is decided by the securities company, but not lower than 30%”.
Article 2. This Decision takes effect on February 01, 2013.
Article 3. Chief Officers, Head of the Security Trading Management Department, the General Director of the Stock Exchange of Ho Chi Minh city, the General Director of the Stock Exchange of Hanoi, the General Director of the the Vietnam Securities Depository, the General Directors (Directors) of securities companies, and relevant parties are responsible for the implementation of this Circular./.
The President
Vu Bang
Vietnamese
Decision 09/QĐ-UBCK DOC (Word)
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