Please ask, what requirements should securities trading organizations conducting transactions for foreign investors in Vietnam meet?
According to Clause 2, Article 6 of Circular 51/2021/TT-BTC regulating obligations to provide services for foreign investors in Vietnam, in which:
2. When conducting transactions on behalf of foreign investors, trading representatives of foreign investors shall:
a) comply with regulations of the Law on Securities and relevant laws;
b) Comply with trading and payment directions of foreign investors, and avoid directly making investment decisions, including choosing securities type, quantity, price and time of trading, when they do not receive trading orders and investment directions from foreign investors.
Best Regards!