The securities company must complete the transformation of cash transactions with customers into the form of transaction in bank account within 1 year from January 15th 2013.
Securities companies have the right to request customers to open trading accounts at commercial banks to serve the purpose of trading with the company.
Besides that, the securities company must open a bank account to manage customer transactions and separate from the company’s other accounts.
Contents defined in the Circular 210/2012/TT-BTC guiding the activities of securities companies , replace Decision 126/2008/QD-BTC and 27/2007/QD-BTC.
Circular takes effect from January 15th 2013.