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Vietnam requires securities companies to manage deposits strictly

Vietnam's State Securities Commission (SSC) has implemented new regulations requiring securities companies to strictly manage securities trading deposits and refrain from activities that suggest they are mobilising deposits. The SSC emphasised the need for improved operational quality and financial safety. Securities companies must comply with securities law provisions, refrain from conducting unlicensed business activities, and ensure liquidity and payment of trading deposits for investors. Internal control and risk management must be strengthened, along with employee management. Employees are prohibited from participating in unauthorised online forums and groups for financial advice, and adherence to prohibited acts within authorised forums is required. Information security and safety must be enhanced to detect and report fake websites and unauthorised use of trademarks.


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