| Commodity Trading Q&A (Issue 59): Selling off collateral in commodity trading. Commodity Trading Q&A (Issue 61): Handling member violations. |
In the previous issue, the Industry and Trade Newspaper discussed the principles for handling member violations at the Vietnam Commodity Exchange (MXV), including some forms of handling violations currently applied at MXV such as: written reminders, warnings, partial/complete suspension of activities, termination of membership, etc. Continuing with today's Q&A, the Industry and Trade Newspaper will delve deeper into clarifying these forms of handling violations.
 |
| Illustrative image |
Violations will be handled through written warnings.
Violations will be handled in the form of a written warning when members violate the following regulations:
Written reminders will be issued for cases of failure to fully and promptly fulfill financial obligations as required by MXV, including but not limited to the following obligations:
Pay the following fees: Annual fee; Database usage fee; Data sharing fee;
Submit the Membership Security Deposit.
Payment of the Payment Risk Support Amount; Payment Risk Support Amount Disbursed; Interest accrued from the disbursed amount;
Violation of regulations regarding the time frame for reconciling and comparing fees with the Central Payment System (MXV).
The violation was handled with a warning.
Violations will be handled in the form of a warning when members violate the following regulations:
1. Late payment of the Annual Fee exceeding 3 working days from the payment deadline.
2. Late payment of Database Usage Fee exceeding 3 working days from the fee payment deadline.
3. Late payment of Data Sharing Fees exceeding 3 working days from the payment deadline.
4. Late submission of the Membership Security Deposit exceeding 3 working days from the deadline stipulated by MXV.
5. Late payment of payment risk support; payment risk support disbursed as a loan; interest accrued from the disbursed loan exceeding 3 days from the deadline for payment as stipulated by the State Treasury.
6. Violation of regulations regarding the time limit for reconciling and comparing fees with the State Treasury by more than 3 working days from the deadline for reconciling and comparing fees.
7. Failure to fully and promptly fulfill other financial obligations as required by the MXV by more than 3 working days from the deadline for fulfilling financial obligations as stipulated by the MXV.
8. Members who have received a warning as a disciplinary action (for violations that have already been addressed with a warning) but continue to violate the rules within the same calendar year.
Source
Comment (0)