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Rule · SSC · 8 Jan 2013 · 09/QĐ-UBCK

Decision 09/QĐ-UBCK amending provisions on margin trading regulations

securities

The State Securities Commission issued Decision 09/QĐ-UBCK on January 8, 2013, to amend specific articles of the margin trading guidelines originally established under Decision 637/QĐ-UBCK. The regulation eliminates a previous clause in Article 8 and mandates that initial margin ratios must be at least 50% while maintenance margin ratios must be at least 30%, as determined by securities companies. These amendments officially take effect on February 1, 2013.

VietnamState Securities Commission

On January 8, 2013, the Chairman of the State Securities Commission issued Decision No. 09/QĐ-UBCK amending certain provisions of the Regulations on margin trading guidelines issued alongside Decision No. 637/QĐ-UBCK dated November 30, 2011, by the Chairman of the State Securities Commission (hereinafter referred to as the Regulations) as follows:

1.

Repeal Point b, Clause 3, Article 8 of the Regulations.

2.

Amend Clause 1 and 2, Article 16 of the Regulations as follows:

“1. The initial margin ratio is determined by the securities company but must not be lower than 50%;

  1. The maintenance margin ratio is determined by the securities company but must not be lower than 30%”.

This Decision takes effect from February 1, 2013.

(State Securities Commission)

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Decision No. 637/QĐ-UBCK datedNovember 30, 2011Not in RegAlertDecision No. 637/QĐ-UBCK dated November 30, 2011 — Not in RegAlertDecision 09/QĐ-UBCK amendingprovisions on margin trading …2013-01-08 · this documentDecision 09/QĐ-UBCK amending provisions on margin trading regulations (2013-01-08)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Amends
  • Decision No. 637/QĐ-UBCK dated November 30, 2011Not in RegAlert

    “amending certain provisions of the Regulations on margin trading guidelines issued alongside Decision No. 637/QĐ-UBCK dated November 30, 2011”

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