State Securities Commission regulates services related to individual corporate bonds

The State Securities Commission (SSC) has just issued a notice requiring Securities Companies (SCs) to strictly comply with regulations in providing services related to privately issued corporate bonds.

The State Securities Commission issued a document to rectify the activities of securities companies related to individual corporate bonds (Photo TL)

Regarding the provision of services in the private corporate bond market, on September 10, 2021, the State Securities Commission issued Document No. 5225/UBCK-QLKD reminding and correcting the operations of securities companies. On April 29, 2022, the State Securities Commission continued to issue Document No. 2488/UBCK-QLKD requesting compliance with regulations related to the issuance of private corporate bonds and Document No. 5640/UBCK-QLKD dated August 21, 2023 requesting compliance with regulations on the transfer of privately offered bonds.

In 2023, to ensure safe, healthy and sustainable operations for the corporate bond market, on December 29, 2023, the State Securities Commission continued to issue Official Dispatch No. 9453/UBCK-TT requesting securities companies to strictly implement Official Dispatch No. 5225/UBCK-QLKD dated September 10, 2021, Official Dispatch No. 2488/UBCK-QLKD dated April 29, 2022, Official Dispatch No. 5640/UBCK-QLKD dated August 21, 2023 of the State Securities Commission.

Securities companies are required to strictly comply with regulations on providing consultancy services on offering documents, bidding, underwriting, issuing agents, and registering and depositing individual corporate bonds. The State Securities Commission also clearly stated that securities companies, employees, and securities practitioners of securities companies are not allowed to provide consultancy, solicit, or sell individual corporate bonds to subjects that do not comply with regulations; are not allowed to confirm the transfer or transfer of ownership of individual corporate bonds that must be registered and centrally deposited at the Vietnam Securities Depository and Clearing Corporation and registered for trading at the Hanoi Stock Exchange as prescribed in Clause 5, Article 3 of Decree No. 65/2022/ND-CP. Violations will be strictly handled according to the provisions of law.

Source: https://www.congluan.vn/ubcknn-chan-chinh-dich-vu-lien-quan-trai-phieu-doanh-nghiep-rieng-le-post279821.html