Decision No. 63/2007/QD-TTg dated May 10, 2007 of the Prime Minister on functions, duties, powers and organizational structure of the State Securities Commission under the Ministry of Finance

DECISION

ON FUNCTIONS, DUTIES, POWERS AND ORGANIZATIONAL STRUCTURE OF THE STATE SECURITIES COMMISSION UNDER THE MINISTRY OF FINANCE

THE PRIME MINISTER

Pursuant to the Law on Organization of the Government dated 25 December 2001; Pursuant to the Law on Securities dated 29 June 2006;

Pursuant to Decree 86/2002/ND-CP of the Government dated 5 November 2002 on functions, duties, powers and organizational structure of ministries and ministerial equivalent bodies;

Pursuant to Decree 66/2004/ND-CP of the Government dated 19 February 2004 transferring the State

Securities Commission to the Ministry of Finance;

Having considered the proposal of the Minister of Finance,

DECIDES:

Article 1. Position and functions

1. The State Securities Commission is an organization under the Ministry of Finance which is responsible to assist the Minister of Finance in undertaking the function of State administration of securities and securities market; which directly manages and supervises securities and securities market activities; and which manages services activities in the securities and securities market sector in accordance with law.

2. The State Securities Commission shall enjoy legal entity status, may use a seal with the national emblem and open accounts at the State Treasury in accordance with law; it shall have its head office in Hanoi; and have the English transaction name being State Securities Commission of Vietnam (abbreviated to SSC).

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