Funds and tasks
The State Securities Commission is a unit under the Ministry of Finance, performing the function of advising and assisting the Minister of Finance in State management of securities and the stock market. The State Securities Commission is responsible for organizing the implementation of laws on securities and the stock market according to current regulations and under the decentralization and authorization of the Minister of Finance.
SSCs play a role in building and developing a transparent and sustainable stock market, ensuring safety for investors, while supervising the activities of financial intermediaries in the securities sector.
At the same time, it is inc incumbent to submit to the Minister of Finance for submission to competent authorities for consideration and decision on legal documents related to securities and the stock market.
The State Securities Commission directly manages and supervises securities activities, operates the offering of securities to the public, manages listed companies, securities companies, and investment fund management companies.
This agency also performs the task of inspecting and examining the activities of the stock market, handling administrative violations in the securities sector, receiving citizens, handling complaints and denunciations and preventing corruption and negativity according to the provisions of law.
13 affiliated units according to the new decision
According to the new decision, the State Securities Commission includes the following affiliated units: Stock Market Development Board, Stock offering Management Board, Public Company Supervisory Board, Stock Business Management Board, Stock Fund and Investment Fund Management Board, Stock Market Supervision Board, Legal - External Affairs Board, Human Resources Organization and Management Board, Office, Inspectorate of State Securities Commission, Technology and Digital Transformation Board, Center for Scientific Research and Securities Training.
Some units such as the Stock Market Supervision Board, the Technology and Digital Transformation Board, the State Securities Inspectorate and the Office have legal status, their own seal and account according to the provisions of law.
In addition, the professional departments have affiliated groups, including the Stock Market Development Board with 3 groups, the Corporation Supervisory Board with 4 groups, the Stock Business Management Board with 4 groups, the Technology and Digital Transformation Board with 5 groups, the Stock Market Supervisory Board with 2 groups, the State Securities Inspectorate with 4 groups and the Office with 5 groups.
Leadership apparatus
The leadership of the State Securities Commission includes a Chairman and a number of Vice Chairmen. The Chairman of the State Securities Commission is responsible to the Minister of Finance and the law for all activities of the State Securities Commission. The Vice Chairmen are responsible to the Chairman of the State Securities Commission and the law on the assigned areas of work.
According to the new decision, the State Securities Commission will continue to inherit its tasks, powers and responsibilities according to current legal regulations. The Chairman of the State Securities Commission is responsible for organizing and arranging for affiliated units to operate according to the new model within a maximum period of 3 months from the effective date of the decision.
