Regulatory Alerts2012-01-10 | 62 /QĐ-BTCAdded · Updated
Decision No. 62/QD-BTC on Approving the Plan for Restructuring Securities Companies
The Ministry of Finance of Vietnam issued Decision No. 62/QD-BTC to approve a restructuring plan for securities companies aimed at enhancing operational quality, financial capacity, and risk control while reducing the number of market participants. The decision mandates a risk-based classification system dividing companies into normal, controlled, and special control groups, with specific administrative and economic measures applied based on capital adequacy and accumulated loss ratios. Implementation is scheduled across phases from 2012 to 2015, requiring the State Securities Commission to enforce stricter reporting, conduct inspections, and align regulatory frameworks with international standards.
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