VSD tagged to become new supervisor for derivatives market

The Vietnam Securities Depository could become the supervisor of trading on the derivatives market, along with the State Securities Commission and the two local stock exchanges (Photo: cafef.vn)

Hanoi (VNA) – The Vietnam Securities
Depository (VSD) could become the supervisor of trading on the derivatives
market, along with the State Securities Commission (SSC) and the two local
stock exchanges.

The idea was raised during feedback being
collected by the SSC for a circular that would replace Circular 13/2013/TT-BTC
dated January 25, 2013 by the finance ministry on monitoring securities
trading.

VSD would be able to monitor depository and
clearing members to see whether they follow regulations on securities and the
securities market, keep track of changes in margin lending in the accounts of
investors and clearing members, and supervise investors’ positions in the
derivatives market.

VSD would have to develop regulations on
clearing and a settlement mechanism for the operation of the derivatives
market, manage and monitor the amount of margin lending in the market and
adjust the limit of positions to investors and clearing members.

In addition, individuals and organisations under
the management of VSD will be obliged to submit reports, materials and data on
settlement and clearing activities to VSD so that the agency is able to carry
out its work as a supervisor.-VNA



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