Decree No. 128/2021/ND-CP amending Decree No. 156/2020/ND-CP on sanctioning of administrative violations in the field of securities and securities market amending and supplementing the fine levels related to Regulations on management of listing and registration of transactions of the Stock Exchange of Vietnam and a subsidiary of the Stock Exchange of Vietnam.
Specifically, under the provisions of Decree No. 128/2021/ND-CP, the Government amends and supplements Article 21, Decree No. 156/2020/ND-CP related to violations of regulations on listing management, registered for the trading of the Stock Exchange of Vietnam, a subsidiary of the Vietnam Stock Exchange.
- Article 21 is amended and supplemented as follows:
- "Article 21. Violations against regulations on management of listing and trading registration of the Stock Exchange of Vietnam, a subsidiary of the Vietnam Stock Exchange
- 1. A fine ranging from VND 200,000,000 to VND 300,000,000 shall be imposed on the Vietnam Stock Exchange or a subsidiary of the Vietnam Stock Exchange for not handling cases where the listing organization fails to maintain adequate listing conditions as prescribed.
- 2. A fine of 300,000,000 VND to 400,000,000 VND shall be imposed on the Stock Exchange of Vietnam or its subsidiary companies which approve, change or cancel the listing or registration of trading without regulations."
Accordingly, from January 1, 2022, a fine ranging from VND 200 million to VND 300 million will be imposed on the Stock Exchange of Vietnam and its subsidiaries that fail to handle cases where the listing organization fails to fully maintain listing conditions as prescribed.
In addition, a fine of VND 300 million to VND 400 million will be imposed on the Stock Exchange of Vietnam and its subsidiaries for approving, changing, canceling listing, or registering transactions in contravention of regulations.
Collected from source