TO FINE UP TO VND 3 BILLION FOR THE ACT OF FORGING PAPERS IN SECURITIES TRADING
The Government issues the Decree No. 156/2020/ND-CP on December 31, 2020 on providing for the sanctioning of administrative violations in the domains of securities and securities market.
Accordingly, a fine of between VND 2,500,000,000 and VND 3,000,000,000 shall be imposed on the act of forging papers or certifying on forged papers proving eligibility for offering in the registration dossiers for public offering of securities.
Besides, a fine of between VND 200,000,000 and VND 300,000,000 shall be imposed on the Vietnam Stock
Exchange and its subsidiaries that commit any of the following acts of violation: Organizing trading of new securities, changing and applying a new trading method, putting into operation a new trading system without approval; Failing to handle the violations of trading regulations or failing to comply with the trading supervision process as prescribed that cause violations, etc.
This Decree takes effect on January 01, 2021.
