DERIVATIVE INVESTMENT CONSULTANCY COMPANY MUST HAVE AT LEAST VND 250 BILLION (USD 11 MILLION) OF CHARTER CAPITAL
The Decree No. 158/2020/ND-CP on derivatives and the derivatives market is promulgated by the Government on December 31, 2020.
According to this Decree, a securities company may be granted a Certificate of eligibility for derivative business when meeting the following conditions on charter capital and equity: at least VND 800 billion ~ USD 35 million for derivative brokerage; at least VND 600 billion ~ USD 25 million for derivative dealing; at least VND 250 billion ~ USD 11 million for derivative investment consultancy.
Additionally, such securities company must have minimum liquidity ratio of 220% for the past 12 consecutive months; fully set up the provisions as prescribed by law provisions, have no loss in the last 02 years, etc.
This Decree takes effect on January 01, 2021.