In line with the Ministry of Finance, in recent times, company bonds have change into a big and essential capital mobilization channel available in the market. Nevertheless, in addition to the optimistic results on companies, the non-public placement of company bonds additionally exposes many dangers to traders and poses the chance of inflicting insecurity and security of the nationwide monetary system. household.
With a view to strengthen the inspection and supervision of the company bond market, the Ministry of Finance requested the Division of Finance and Banking to imagine the prime accountability for, and coordinate with the State Securities Fee and different models within the implementation of recent laws on company bonds. challenge company bonds in Decree No. 153/2020/ND-CP dated December 31, 2020 of the Authorities.
Examine and proceed to enhance laws on administration and supervision of the company bond market, wherein specializing in constructing inspection and supervision measures, tightening the issuance of particular person company bonds with out collateral or the standard of collateral and the status of the issuer is low to be able to purpose for a clear, secure market and restrict dangers.
The State Securities Fee shall assume the prime accountability for, and coordinate with the Finance and Banking Division and related businesses in, strengthening and accelerating the inspection, examination and supervision of the issuance and provision of companies on bonds. particular person enterprises, particularly the issuance of small and newly established enterprises, working in high-risk fields, with unclear and substantive enterprise outcomes.
As well as, the Ministry of Finance requested to deal with reviewing and detecting enterprises exhibiting indicators of violating or circumventing the regulation within the issuance of company bonds. In case of detecting fraudulent acts, exhibiting indicators of appropriating belongings of traders, they shall promptly switch them to the police for dealing with in accordance with regulation.
