Status and functions

            1. The State Securities Commission (SSC) is an organization under the Ministry of Finance, charged with the functions of exercising the States regulation of securities and securities market, direct regulation and supervision of activities in securities and securities market, management of public services in the fields of securities and securities market in accordance with applicable laws.

            2. The SSC has its own legal status, its seal imprinted with the national badge and its account opened at the State Treasury as stipulated by applicable laws.

Duties and powers

            The SSC exercises the States regulation of securities and securities market as stipulated by applicable laws and other duties and powers as follows:

            1. Designing and submitting to the Minister of Finance legal documents of securities and securities market, the strategies, matrixes, long-term, 5-year, and annual plans on securities and securities market;

            2. Proposing the Minister of Finance to set up, suspend the operation of, or disperse the Securities Trading Center, the Stock Exchange, the Securities Central Depository and other organizations related to securities activities and securities trading in his authorization, or proposing the Minister of Finance to consider and submit to the Prime Minister the plans to set up, suspend the operation of or disperse the above-mentioned entities;

            3. Implementing the legal documents, strategies, matrixes, and plans on securities and securities market after their ratification;

            4. Setting specialized standards, procedures and processes, economic and technical specifications to be applied in organizations and units under its management, as stipulated by applicable laws and decided by the Minister of Finance;

            5. Issuing, extending, suspending or revoking certificates of registration of securities issuance, registration of securities trading, certificates of securities listing, certificates of securities business, certificates of securities practices and services, as stipulated by applicable laws;

            6. Organizing and managing the Securities Trading Center, the Stock Exchange, other regulated securities markets, and the Center for Securities Depository, Registration, Clearing and Settlement;

            7. Supervising the compliance of regulations of securities and securities market by organizations offering their securities to the public, organizations having their securities listed, securities business organizations and other ancillary organizations, as stipulated by applicable laws;

            8. Implementing the inspection, examination and supervision of organizations and individuals participating in the securities market and applying sanctions for violations of regulations of securities and securities market, as stipulated by applicable laws;

            9. Giving guidelines and creating favorable conditions for securities associations to abide by their objectives, missions and charters; supervising the compliance of regulations of securities and securities market of these associations; applying sanctions or proposing authorized agencies to apply sanctions for violations of laws by these associations, as stipulated by applicable laws and assigned by the Minister of Finance;

            10. Complying the reporting regime on securities and securities market, as stipulated by applicable laws and assigned by the Minister of Finance;

            11. Carrying out international cooperation programs in the fields of securities and securities market, as stipulated by applicable laws and assigned by the Minister of Finance;

            12. Implementing the administrative reforms by the objectives and contents of administrative reforms of the SSC as approved by the Minister of Finance;

            13. Carrying out forecasting and analytical work, communication, propaganda, dissemination and training in the fields of securities and securities market for institutions and individuals participating in the securities market;

            14. Organizing scientific research works in securities and securities market;

            15. Introducing, managing and applying information technologies; modernizing the management of securities and securities market as stipulated by applicable laws and assigned by the Minister of Finance;

            16. Managing the organizational apparatus and human resources; organizing training and retraining programs and applying appropriate policies for the SSCs human resources as stipulated by applicable laws and assigned by the Minister of Finance;

            17. Managing its budget and assets as stipulated by applicable laws and assigned by the Minister of Finance;

            18. Accomplishing other duties assigned by the Minister of Finance.