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 SecuritiesDepository (VSD) could become the supervisor of trading on the derivativesmarket, along with the State Securities Commission (SSC) and the two localstock exchanges.
The idea was raised during feedback beingcollected by the SSC for a circular that would replace Circular 13/2013/TT-BTCdated January 25, 2013 by the finance ministry on monitoring securitiestrading.
VSD would be able to monitor depository andclearing members to see whether they follow regulations on securities and thesecurities market, keep track of changes in margin lending in the accounts ofinvestors and clearing members, and supervise investors’ positions in thederivatives market.
VSD would have to develop regulations onclearing and a settlement mechanism for the operation of the derivativesmarket, manage and monitor the amount of margin lending in the market andadjust the limit of positions to investors and clearing members.
In addition, individuals and organisations underthe management of VSD will be obliged to submit reports, materials and data onsettlement and clearing activities to VSD so that the agency is able to carryout its work as a supervisor.-VNA
VNA
