Handling Member Violations (Part 3)

In the previous issue, the Industry and Trade Newspaper discussed several forms of handling violations by members at the Vietnam Commodity Exchange (MXV), such as written reminders and warnings. Continuing with today's Q&A, the Industry and Trade Newspaper will delve deeper into the remaining forms of handling violations in MXV regulations.

Violations are handled by suspending part or all of the operation.

Violations will be handled through partial or complete suspension of activities when members violate the following regulations:

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Late payment of annual fees by more than 7 working days from the payment deadline;

Late payment of database usage fees exceeding 7 working days from the fee payment deadline;

Late payment of data sharing fees by more than 7 working days from the payment deadline;

Late submission of the membership security deposit by more than 7 working days from the deadline stipulated by MXV;

Late payment of payment risk support; payment risk support disbursed as a loan; interest accrued from the disbursed loan exceeding 7 days from the payment deadline as stipulated by the MXV;

Failure to fully and promptly fulfill other financial obligations as required by the MXV more than 7 working days after the deadline for fulfilling financial obligations as stipulated by the MXV;

A member who has received a warning for a violation (for violations punishable by a warning) but continues to violate the rules within the same calendar year.

Handling violations through additional measures.

In addition to the main forms of violation handling such as written warnings, reprimands, partial or complete suspension of activities, and termination of membership, MXV also has the following supplementary forms of violation handling:

Market-wide disclosure of information;

Members and/or their customers are required to provide explanations, information, and data related to clarifying suspicious transaction activities.

No consideration will be given to increasing the transaction limit (for a limited time);

Reduce transaction limits;

Restrict or prohibit the opening of new commodity trading accounts;

Control and restrict transactions to a limited extent;

Special monitoring: Members shall periodically report on their operational status as required by MXV. If necessary, MXV may send monitoring officers to the member's premises.

Source: https://congthuong.vn/hoi-dap-giao-dich-hang-hoa-so-63-xu-ly-vi-pham-thanh-vien-phan-3-313580.html