Rule · SSC · 31 Dec 2020 · 121/2020/TT-BTC

Circular 121/2020/TT-BTC on Securities Company Operations

The Ministry of Finance issued Circular 121/2020/TT-BTC on December 31, 2020, to regulate the operations of securities companies, with the regulation taking effect on February 15, 2021. This circular supersedes and renders ineffective Circular 210/2010/TT-BTC and Circular 07/2016/TT-BTC, which previously guided the establishment and activities of securities companies. The regulatory framework is overseen by the State Securities Commission (UBCKNN).

VietnamState Securities Commission

On December 31, 2020, the Ministry of Finance issued Circular No. 121/2020/TT-BTC dated December 31, 2020, regulating the operations of securities companies. This Circular takes effect from February 15, 2021.

Circular No. 210/2010/TT-BTC dated November 30, 2012, of the Minister of Finance guiding the establishment and operations of securities companies, and Circular No. 07/2016/TT-BTC dated January 18, 2016, of the Minister of Finance amending and supplementing certain articles of Circular No. 210/2010/TT-BTC dated November 30, 2012, cease to be effective from the date Circular No. 121/2020/TT-BTC takes effect.

State Securities Commission (SSC)

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Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (5)

Supersedes

Circular No. 07/2016/TT-BTC dated January 18, 2016, of the Minister of FinanceNot in RegAlert · Ministry of Finance
“Circular No. 07/2016/TT-BTC dated January 18, 2016, of the Minister of Finance amending and supplementing certain articles of Circular No. 210/2010/TT-BTC... cease to be effective”
Circular No. 210/2010/TT-BTC dated November 30, 2012, of the Minister of FinanceNot in RegAlert · Ministry of Finance
“Circular No. 210/2010/TT-BTC dated November 30, 2012, of the Minister of Finance guiding the establishment and operations of securities companies... cease to be effective”

Amended by

Circular 08/2026/TT-BTC Amending Provisions on Securities Market Information Disclosure and Trading2026 · SSC
“Circular No. 121/2020/TT-BTC dated December 31, 2020 of the Minister of Finance regulating the operation of securities companies”
Unified Document No. 42/VBHN-BTC on Securities Company Operations2025 · SSC
“Circular No. 121/2020/TT-BTC dated December 31, 2020, of the Minister of Finance on the operations of securities companies, which takes effect from February 15, 2021, is amended and supplemented by:”
Circular 68/2024/TT-BTC amending provisions on securities trading, clearing and settlement, securities company operations, and information disclosure2024 · SSC
“Amending and supplementing certain articles of Circular No. 121/2020/TT-BTC dated December 31, 2020, of the Minister of Finance regulating the operations of securities companies”

Mentions (7): 7 documents mention this one without changing it

Referred to by

Circular 145/2026/TT-BTC on Registration, Custody, Clearing and Settlement of Securities Transactions2026 · SSC
“according to Clauses 7 and 8 of Article 30 of this Circular and provisions of Clause 9 of Article 16 of Circular No. 121/2020/TT-BTC regulating the activity of securities companies amended and supplemented by Circular No. 68/2024/TT-BTC an…”
Conclusion of Inspection No. 52/KL-TT regarding Inspection at DNSE Securities Joint Stock Company2026 · SSC
“Clause 1 Article 15 of Circular No. 121/2020/TT-BTC dated December 31, 2020”
Conclusion of Inspection No. 39/KL-TT regarding MB Securities Joint Stock Company2026 · SSC
“content of the Company's ordinary securities trading account opening contracts with customers basically meets the requirements stipulated in Clause 1 Article 15 of Circular No. 121/2020/TT-BTC dated December 31, 2020”
Conclusion of Inspection No. 83/KL-TT Regarding ACB Securities Company Limited2025 · SSC
“comply with the regulations in Clause 3 and Clause 4 of Article 28 of Circular No. 121/2020/TT-BTC dated December 31, 2020”
Decision 3746/QD-BTC on Publishing the Catalog of Periodic Reporting Regimes Amended by Circular 88/2025/TT-BTC2025 · SSC
“Circular No. 121/2020/TT-BTC dated December 31, 2020 of the Minister of Finance regulating the activities of securities companies;”
Circular 18/2025/TT-BTC amending provisions of Circulars 119/2020/TT-BTC and 96/2020/TT-BTC2025 · SSC
“except for stocks that securities companies are not allowed to receive buy orders according to Clause 9 of Article 16 of Circular No. 121/2020/TT-BTC”

+1 more

Inspection Conclusion No. 71/KL-TT Regarding Inspection of Phu Hung Securities Joint Stock Company2024 · SSC
“Article 28 of Circular No. 121/2020/TT-BTC dated December 31, 2020, by the Minister of the Ministry of Finance on the operations of securities companies”

Timeline

Amended 3 times · last 2026-02-03

2026-02-03SSCCircular 08/2026/TT-BTC Amending Provisions on Securities Market Information Disclosure and Tradingamends
2025-10-28SSCUnified Document No. 42/VBHN-BTC on Securities Company Operationsamends
2024-09-18SSCCircular 68/2024/TT-BTC amending provisions on securities trading, clearing and settlement, securities company operations, and information disclosureamends