Decree addresses securities firms
The Government has issued Decree No. 86/2016/NĐ-CP dated July 1, 2016 governing requirements applicable to securities investment and business activities in Việt Nam. The decree applies to securities companies, fund management companies, securities investment companies, foreign securities business organisations, and relevant organisations and individuals in Việt Nam’s stock market. The decree took effect on July 1, 2016. Except converting into one member limited liability company, the securities business organisation established before the effective date of this decree and re-organise the company is exempt from requirements of structure of shareholders, capital contributors under this decree.
