Handling Member Violations (Part 2)

In the previous issue, Industry and Trade Newspaper mentioned the principles of handling member violations at the Vietnam Commodity Exchange (MXV), some forms of handling member violations currently applied at MXV include: written reminders, warnings, partial/full suspension of activities, termination of membership, etc. Continuing today's Q&A issue, Industry and Trade Newspaper will go into detail to clarify these forms of handling violations.

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Handling violations by written warning

Violations will be handled in the form of written warnings when members violate the following regulations:

Written reminders for cases of failure to fully and timely perform financial obligations as required by MXV, including but not limited to the following obligations:

Pay fees: Annual fee; Database usage fee; Data sharing fee;

Submit a Membership Security Deposit;

Payment Risk Support Amount; Payment Risk Support Amount Loaned; Interest Accrued on Loaned Amount;

Violation of regulations on time for checking and comparing fees with MXV.

Handling violations by warning

Violations will be handled in the form of warnings when members violate the following regulations:

1. Late payment of Annual Fee more than 03 working days from the due date.

2. Late payment of Database Usage Fee more than 03 working days from the fee payment deadline.

3. Late payment of Data Sharing Fee more than 03 working days from the fee payment deadline.

4. Late payment of the Membership Guarantee Deposit more than 03 working days from the deadline as prescribed by MXV.

5. Late payment of payment risk support; payment risk support loan; interest arising from loaned amount more than 03 days from the payment deadline according to MXV's regulations.

6. Violation of regulations on time for reconciliation and comparison of fees with MXV more than 03 working days from the deadline for reconciliation and comparison of fees.

7. Failure to fully and timely perform other financial obligations as required by MXV within 03 working days from the deadline for performing financial obligations as prescribed by MXV.

8. Members who have been disciplined with a warning once (for violations that have been disciplined with a warning) but continue to commit violations in the same calendar year.

Source: https://congthuong.vn/hoi-dap-giao-dich-hang-hoa-so-62-xu-ly-vi-pham-thanh-vien-phan-2-310809.html