Headlines 11/01/2019 08:43 SA

Floor prices of stockbroker services no longer exist

Ms.Thúy Vy

The Circular No. 128/2018/TT-BTC prescribes prices of securities services applied in securities trading organizations and commercial banks participating in Vietnam’s securities markets. This Circular provides the following regulations:

- Do not apply floor prices of share, fund certificate and covered warrant brokerage services (this regulation applies to listed securities and trading securities).

- Only regulate the maximum price equaling 0.5% of each trade.

(The current floor price is 0.15% of value of each trade)

In addition, prices of futures contract brokerage services in derivatives markets are regulated as follows:

- 15,000 dong/index futures contract at maximum

- 25,000 dong/Government bond futures contract

- These prices have not yet taken into account of amounts calculated at prices of derivatives trading services, positions management services and collateral management services that are paid by securities companies in accordance with regulations in force. 

The Circular No. 128/2018/TT-BTC will enter into force on February 15, 2019 and replace the Circular No. 242/2016/TT-BTC dated November 11, 2016.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

More headlines

Address: 17 Nguyen Gia Thieu street, Ward 6, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2011 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status