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Depository membership in the stock market is an important concept in the financial system, playing an indispensable role in ensuring the safety, transparency and efficiency of stock transactions. In the following article, Long Phan will explain in detail the roles, powers and obligations of depository members, as well as their importance in maintaining the stability and development of the stock market.
According to Clause 34, Article 4 of the Law on Securities 2019, securities depository is the receipt of deposit, preservation, and transfer of securities to customers, helping customers exercise rights related to deposited securities.
Pursuant to Clause 1, Article 158 of Decree 155/2020/ND-CP, there are two main conditions to become a depository member, including:
Depository members in the stock market have the following main roles:
In general, depository members play an important role in maintaining the stability, efficiency and sustainable development of the stock market.
According to the provisions of Clause 3, Article 56 of the Law on Securities 2019, depository members have the following obligations:
With a team of experienced experts, Long Phan brings solutions suitable to the needs and goals of each investor. Services at Long Phan will include:
Compliance with securities depository regulations not only helps financial institutions maintain the stability and safety of the financial system, but also contributes to the sustainable development of the stock market. This brings long-term benefits to both investors and market participants but also minimizes risks for trading activities. If you have any questions or need support regarding securities depository services, please contact us immediately via the hotline: 0906735386.
Note: The content of the articles published on the website of Long Phan Investment Consulting Company is for reference only regarding the application of legal policies. Depending on the time, subject, and amendments, supplements, and replacements of legal policies and legal documents, the consulting content may no longer be appropriate for the situation you are facing or need legal advice on. In case you need specific and in-depth advice according to each case or incident, please contact us through the methods below. With our enthusiasm and dedication, we believe that Long Phan will be a reliable solution provider for our clients.
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