Regulatory Alerts2024-12-16 | 56/2024/QH15Added · Updated
Law No. 56/2024/QH15 Amending and Supplementing Nine Laws
Law No. 56/2024/QH15 amends the Securities Law, Accounting Law, Independent Auditing Law, State Budget Law, Public Asset Management and Use Law, Tax Administration Law, Personal Income Tax Law, National Reserve Law, and Law on Handling of Administrative Violations. Key changes to the Securities Law include defining market manipulation, establishing professional investor categories for corporate bonds, imposing liability on report preparers and auditors, restricting private placements to strategic and professional investors with lock-up periods, and granting the State Securities Commission power to suspend or cancel private offerings. The Accounting Law is amended to align financial reporting standards with international norms, mandate electronic signatures, and clarify the State Bank of Vietnam's role in regulating accounting for credit institutions.
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