Regulatory Alerts2024-09-18 | 68/2024/TT-BTCAdded · Updated
Circular 68/2024/TT-BTC amending provisions on securities trading, clearing and settlement, securities company operations, and information disclosure
The circular amends regulations to allow foreign institutional investors to purchase shares without full upfront payment, transferring payment obligations to securities companies in case of default, with custodian banks liable for errors in balance confirmation. It establishes risk assessment limits for securities companies based on net capital and margin lending, and mandates specific information disclosure timelines for English-language reports by listed companies and trading obligations by securities companies acting as related parties. The rules take effect on November 2, 2024.
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