Regulatory Alerts2013-01-08 | 09/QĐ-UBCKAdded · Updated
Decision 09/QĐ-UBCK amending provisions on margin trading regulations
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.
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:
Repeal Point b, Clause 3, Article 8 of the Regulations.
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%;
- 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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