Regulatory Alerts2020-12-31 | 117/2020/TT-BTCAdded · Updated
Circular 117/2020/TT-BTC on Methods for Calculating Illegal Revenues and Unjustified Gains in Securities and Stock Market Violations
The Ministry of Finance issued Circular 117/2020/TT-BTC to establish specific methods for calculating illegal revenues and unjustified gains arising from violations of securities and stock market laws. This regulation, effective from February 15, 2021, supersedes Circular 217/2013/TT-BTC and its amendment Circular 36/2017/TT-BTC regarding administrative penalty procedures. The document provides the legal framework for the State Securities Commission to quantify financial liabilities resulting from securities market infractions.
On December 31, 2020, the Ministry of Finance issued Circular No. 117/2020/TT-BTC stipulating the methods for calculating illegal revenues and unjustified gains obtained through acts violating laws on securities and the stock market.
Circular No. 117/2020/TT-BTC takes effect from February 15, 2021. This Circular replaces Circular No. 217/2013/TT-BTC dated December 31, 2013, of the Minister of the Ministry of Finance guiding the implementation of administrative penalties in the field of securities and the stock market, and Circular No. 36/2017/TT-BTC dated April 27, 2017, of the Minister of the Ministry of Finance amending and supplementing certain articles of Circular No. 217/2013/TT-BTC dated December 31, 2013, of the Minister of the Ministry of Finance guiding the implementation of administrative penalties in the field of securities and the stock market.
State Securities Commission
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