Principles of Securities Practice

14:30, 11/07/2024

The Ministry of Finance has just issued Circular 197/2015/TT-BTC stipulating the practice of securities trading. The principles of practicing securities trading are stipulated as follows.

1. Individuals holding a Securities Brokerage Practicing Certificate are entitled to perform securities brokerage and securities investment advisory operations.

2. Individuals holding a Financial Analysis Practicing Certificate are entitled to perform securities brokerage, securities investment advisory, proprietary trading, and securities underwriting operations.

3. Individuals holding a Fund Management Practicing Certificate are entitled to perform securities brokerage, securities investment advisory, proprietary trading, securities underwriting, securities portfolio management, and investment fund management operations.

4. Individuals holding any one (01) of the three (03) types of securities practicing certificates as stipulated in Article 3 of this Circular and possessing a specialized certificate in Derivative Securities and Derivative Securities Market are entitled to perform operations related to derivative securities at securities trading organizations.

5. Individuals holding a securities practicing certificate are only permitted to work in one (01) securities trading operations department at any given time.

For details, please see Circular 197/2015/TT-BTC effective from January 25, 2016.

- Ngoc Duyen -

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