Headlines 14/06/2017 11:05 SA

Detailed guidance on requirements for running debt trading service

Phương Uyên

On May 19, 2017, the Ministry of Finance has promulgated the Circular No. 53/2017/TT-BTC providing guidance on the implementation of the Government’s Decree No. 69/2016/ND-CP regarding requirements for running debt trading service.

According to this Circular, at the time when a person is appointed as manager of an enterprise running debt trading service, he/she must have the following documents:

- The Criminal Record Statement;

- The Bachelor’s Degree (or higher) in one of the following fields of study: Economics, Business Administration, Law or other specialty which he/she is appointed to take charge of;

- The Written Commitment made with the enterprise running debt trading service to guarantee the appointed manager’s satisfaction of requirements mentioned in Points a, c, d Clause 3 Article 5 of the Decree No. 69/2016/ND-CP .

Additionally, an enterprise running debt trading service must also satisfy the following capital requirements: Its charter capital/ actual investment capital recorded in the balance sheet must higher than or equal to the minimum capital rates prescribed in the Decree No. 69/2016/ND-CP in corresponding with each debt trading service type.

The Circular No. 53/2017/TT-BTC comes into force as of July 03, 2017.

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