Foreign institutional investors can now buy shares without pre-funding, boosting Vietnam’s appeal to foreign investors and supporting potential market upgrades.
The enforcement of Circular No.68/2024/TT-BTC has captured the attention of stock market investors. The regulation, effective last week, marks a significant shift by allowing foreign institutional investors to purchase shares without pre-funding and establishes a roadmap for information disclosure in English.
| Funding change paves way for FTSE upgrade, Source: freepik.com |
Specifically, it amends and supplements existing regulations governing securities transactions, clearing and settlement, the operations of securities companies, and market information disclosure.
A standout feature of this circular is the provision that permits foreign institutional investors to buy shares without needing sufficient…
