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Official Gazette

Monday, March 30, 2020

Circular No. 87/2013/TT-BTC: Online securities trading services regulated

Updated: 14:55’ - 30/07/2013

From August 15, securities companies whose operations are being suspended and transactions stopped for termination of their membership in the domestic stock exchanges or those placed under special control by the State Securities Commission (SSC) will no longer be allowed to provide online securities trading services.

This is provided in the Ministry of Finance’s Circular No. 87/2013/TT-BTC of June 28, guiding e-transactions on the securities market.

Accordingly, securities companies providing online securities trading services must be members of and connected with the transaction system of the stock exchanges and register such services with the SSC.

The new regulation also requires securities companies to provide services directly to investors but does not permit them to entrust or hire unlicensed organizations to provide such services.

In the meantime, these companies must preserve and ensure the integrity of original electronic records and orders, record and preserve customer orders made via telephones for at least 10 years, and keep confidential information of organizations and individuals involved in online securities trading.

The Circular details the application of digital signatures and certification by securities companies in online transactions. Both securities companies and investors are entitled to select digital signatures and certifications in online securities transactions.

This Circular replaces Circular No. 50/2009/TT-BTC of March 16, 2009.-

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