Check And Monitor The Corporate Bond Market

Minister of Finance Ho Duc Phuc has just signed Official Letter No. 10059 / BTC-VP dated 1/9/2021 to the State Securities Commission, Banking and Finance Department and financial institutions, Vietnam Stock Exchange Male requires strengthening the inspection and supervision of corporate bond market. Source: Internet in the past time, corporate bonds have become a large and important capital mobilization channel in the market. However, in addition to the positive impacts on businesses, the issuance of individual corporate bonds also revealed many risks to investors and at risk of causing insecurity and safety of national finance Family strengthening the inspection and supervision of corporate bonds, Minister of Finance Ho Duc Phuc asked the Bank's Finance Department to chair and coordinate with the State Securities Commission and units implementing new regulations on corporate bond issuance in Decree No. 153/2020 / ND-CP dated December 31, 2020 of the Government

. At the same time, research, continue to improve the regulations on management , Monitoring corporate bond market. In particular, focusing on building measures to inspect, supervise and tighten the issuance of individual corporate bonds without guaranteed assets or quality assets and prestige of low-issuing enterprises aimed at Towards the transparent, safe and limited market of the risk of the State Securities Commission Minister shall assume the prime responsibility and coordinate with the Finance Department and financial institutions and relatively relevant agencies, Promote the inspection, inspection and supervision of the issuance situation and providing services on individual corporate bonds. Especially the release of small businesses, newly established, operating in areas with high risks, with unclear business results, essentially
With it is focused on reviewing, Checking the findings of enterprises showing signs of violation and spleen regulations in the issuance of corporate bonds. In case of detection of fraudulent acts, there are signs of appropriating the property of investors, urgently shift the police to handle according to the provisions of law. It is known, Decree No. 156/2020 / ND- CP dated December 31, 20, regulations on sanctioning administrative violations in the field of securities and securities market has specified violations of issuance and transactions of service provision on corporate bonds Individual and issuing corporate bonds to the public. Then, on professional securities investors, the act of choosing investors to buy securities offered and released in accordance with regulations legal law; Do not store documents about the selection of investors to buy securities offered and released in accordance with the law, shall be fined from VND 100 million to VND 150 million. for the organization providing translation Department related to individual corporate bonds, acts that do not guarantee offering and issuing individual bonds to meet the conditions according to law provisions; Do not guarantee the information in the offering record, issuing individual bonds accurately, honestly, can be verified, not misleading and full of content that can affect the decision of the house investment; Do not review the participation in the purchase of individual issued bonds ensuring compliance with legal regulations, shall be fined from VND 200 million to 300 million VND.

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