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Adding Electronic Transaction Rules to the Securities Law

Finance Minister Ngô Văn Tuấn presented the draft amended Securities Law to the National Assembly on October 17, proposing to amend 44 articles, add one and keep 91 unchanged. The draft adds rules ensuring the safety of electronic transactions in securities and allows securities companies to enter contracts with clients in forms permitted under e-transaction law. It also cuts administrative procedures and removes some licensing conditions for custody banks, settlement banks and fund management companies. The Economic and Financial Committee, chaired by Phan Văn Mãi, broadly supports the draft but asks that deregulation be tied to supervisory tools, that controlled pilot testing have clear rules, and that AI and algorithmic trading be overseen.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Bổ sung quy định giao dịch điện tử vào Luật Chứng khoán

Read the original on CafeF ↗

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