Latest regulations that stock investors need to know from January 1, 2025

(NLDO) – Securities investors who have not updated their chip-embedded citizen identification cards (CCCD)/ID cards will not be able to trade online from January 1, 2025.

Over the past few days, securities companies have sent notices to customers, requesting them to promptly update and authenticate their CCCD/ID card information according to the regulations in Official Dispatch No. 6435/UBCK-CNTT of the State Securities Commission.

Maybank Securities Company said that from January 1, 2025, it will temporarily stop providing online securities trading services for accounts of customers who have not updated their chip-embedded CCCD/ID card information as prescribed.

Investors can update their chip-embedded CCCD/ID card information online or bring their valid chip-embedded CCCD/ID card to Maybank Securities offices.

Investors need to update and compare CCCD/ID card information to ensure it matches the information registered in the National Population Database.

VPS Securities Company also announced that in order to standardize customer data information according to regulations, investors need to compare and update the ID card/CCCD/ID card number, date of issue, place of issue associated with the securities account opened at VPS. Ensure that the information registered at VPS matches the information registered at the National Population Database.

The above regulations are stated in Official Dispatch No. 6435/UBCK-CNTT on reviewing and standardizing data of investors and securities practitioners of the State Securities Commission according to Project 06/CP.

Previously, the State Securities Commission requested that from October 1, 2024, to ensure the principles of electronic transactions on the stock market, units will only provide online securities trading services for accounts with investor information that matches the National Population Database/electronic identification and authentication system/chip-embedded CCCD/ID card.

In cases of failure to coordinate to update and standardize information, securities companies need to request investors to come to trade securities directly at the counter and continue to take measures to standardize data information when investors trade directly at the counter.

After that, this agency issued an official dispatch to postpone the above deadline to January 1, 2025, to support investors to have 3 more months to update and re-authenticate their accounts as required.

According to data from the Vietnam Securities Depository (VSD), as of November 2024, the country has more than 9.1 million accounts, including more than 9 million accounts of individual investors.

According to experts, cleaning up securities investor account data will help reduce the number of virtual accounts and accounts created but not traded.

Regarding the stock market, at the beginning of the afternoon session on December 23, VN-Index was traded at 1,264.07 points, up 6.42 points compared to the previous session; HNX-Index increased 0.99 points to 228.07 points while Upcom-Index increased 0.14 points to 93.51 points.

Stocks are differentiated, many banking, securities, and real estate stocks are actively traded such as STB, HDB, NDN, NVL, HDG... The market is going up despite foreign investors continuing to net sell more than 350 billion VND on the HOSE floor.

Source: https://nld.com.vn/quy-dinh-moi-nhat-nha-dau-tu-chung-khoan-can-biet-tu-1-1-2025-196241223135100199.htm